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Why Micron's Stock Is Sliding Despite Nvidia-Like Earnings Performance
While Micron's revenue guidance was more than 30% above the consensus view, investors are worried that the memory cycle is reaching a peak. Micron forecasts an 81% gross margin for the May quarter.Micron Technology is crushing expectations to a degree that's reminiscent of Nvidia's breakout performances at the beginning of the artificial-intelligence boom three years ago, a Deutsche Bank analyst noted.But its stock is falling 3% on Thursday despite the company's latest blowout earnings report, which saw Micron offer a $19.15 forecast for quarterly adjusted earnings per share at the midpoint, well above the $12.03 analysts had been expecting for the May period."All that matters" is when the actual peak in the memory cycle comes, Klein said in a note to investors, adding that that could be late next year or in early 2028. If that's the case, Klein said analysts will ultimately start reducing Micron estimates and investors will be selling the stock months ahead of when those lower number
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