Micron stock plummets as weak outlook overshadows AI opportunity [Yahoo! Finance Canada]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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Source: Yahoo! Finance Canada
Micron Technology, Inc. (MU) The memory chipmaker, which counts Nvidia ( NVDA ) as a major customer, said Wednesday it expects revenue between $7.7 billion and $8.1 billion for the quarter. Wall Street analysts had expected the company to guide for revenue of $9 billion, according to Bloomberg consensus estimates. Micron's outlook points to a trend seen across the chip industry — sales of semiconductors used for artificial intelligence are growing fast, while traditional chip sales slump. Micron's high bandwidth memory (HBM) chips are used in Nvidia's latest Blackwell GPUs (graphics processing units), which are then used in data centers by hyperscalers to power both their customers' and their own artificial intelligence workloads. Blackwell demand is expected to soar in the upcoming year. CEO of Micron Technology Sanjay Mehrotra said in a statement Wednesday that data center revenue, which includes Micron's memory chips used in GPUs, grew to more than 50% of the company's tot
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MU
News
- INVESTIGATION ALERT (NASDAQ: MU): DiCello Levitt LLP Is Investigating Investor Claims Against Micron Technology, Inc. and Encourages MU Investors with Losses to Contact the FirmGlobeNewswire
- Is Micron Technology (MU) the Best Growth Stock to Invest in Now? [Yahoo! Finance]Yahoo! Finance
- Micron Stock Plunges After Company Cuts Outlook, Analysts Raise Concerns [Yahoo! Finance]Yahoo! Finance
- Micron Technology Q1 Earnings Beat, Stock Dips 16% on Dim Guidance [Yahoo! Finance]Yahoo! Finance
- Micron Technology, Inc. (NASDAQ: MU) had its price target lowered by analysts at Morgan Stanley from $114.00 to $98.00. They now have an "equal weight" rating on the stock.MarketBeat
MU
Earnings
- 12/18/24 - Beat
MU
Sec Filings
- 12/19/24 - Form 10-Q
- 12/18/24 - Form 8-K
- 12/10/24 - Form 8-K
- MU's page on the SEC website