Micron stock plummets as weak outlook overshadows AI opportunity [Yahoo! Finance]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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Source: Yahoo! Finance
Micron ( MU ) stock plummeted more than 17% early Thursday on weaker-than-expected guidance for the current quarter despite burgeoning demand for AI chips. NasdaqGS Nasdaq Real Time Price • USD Micron Technology, Inc. (MU) Follow View Quote Details As of 10:37:35 AM EST. Market Open. Advanced Chart 1D 5D 1M 3M 6M YTD 1Y 5Y All 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 hyperscale
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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