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Stockreport

Why Artificial Intelligence (AI) Stock Micron Technologies Stumbled Thursday [Yahoo! Finance]

Micron Technology, Inc. (MU)  More Company Research Source: Yahoo! Finance
Last micron technology, inc. earnings: 3/25 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.micron.com
The catalyst that sent the memory and storage chipmaker lower was the company's quarterly financial report. Robust results For its fiscal 2024 third quarter (ended May 30), Micron generated revenue that surged 82% year over year to $6.8 billion, driving adjusted earnings per share (EPS) to $0.62, compared to a loss of $1.43 in the prior-year quarter. Analysts' consensus estimates were calling for revenue of $6.67 billion and adjusted EPS of $0.50, so Micron easily cleared both benchmarks. The company noted that the balance between supply and demand continued to improve, which helped increase pricing power. The results also got a boost thanks to "robust artificial intelligence (AI) demand." Record sales to data centers jumped more than 50% sequentially thanks to high-margin AI-related product categories, including high-bandwidth memory, high-capacity dual in-line memory modules, and data center solid-state drives. That sounds good, so why is the stock down? Since AI went v [Read more]
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Stockreport

Why Artificial Intelligence (AI) Stock Micron Technologies Stumbled Thursday [Yahoo! Finance]

Micron Technology, Inc.  (MU) 
More Company Research Source: Yahoo! Finance
Last micron technology, inc. earnings: 3/25 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.micron.com
The catalyst that sent the memory and storage chipmaker lower was the company's quarterly financial report. Robust results For its fiscal 2024 third quarter (ended May 30), Micron generated revenue that surged 82% year over year to $6.8 billion, driving adjusted earnings per share (EPS) to $0.62, compared to a loss of $1.43 in the prior-year quarter. Analysts' consensus estimates were calling for revenue of $6.67 billion and adjusted EPS of $0.50, so Micron easily cleared both benchmarks. The company noted that the balance between supply and demand continued to improve, which helped increase pricing power. The results also got a boost thanks to "robust artificial intelligence (AI) demand." Record sales to data centers jumped more than 50% sequentially thanks to high-margin AI-related product categories, including high-bandwidth memory, high-capacity dual in-line memory modules, and data center solid-state drives. That sounds good, so why is the stock down? Since AI went v [Read more]
IMPACT SNAPSHOT
EVENT TIME:
MU
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS