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Amit Singh

Micron Slides Post Earnings, Is the Chip Stock a Buy?

Shares of Micron Technology (MU) took a sharp dive, falling more than 17% in pre-market trading after the company released its results for the first quarter of fiscal 2025. Despite posting revenue that was in line with Wall Street’s expectations and surpassing analysts’ earnings forecasts, the company's guidance for Q2 didn’t sit well with the investors, leading to a significant drop in its stock.

Micron, a key player in high-performance memory and storage chips with applications in artificial intelligence (AI), is seeing strong demand for its data center DRAM products and high-bandwidth memory (HBM) chips. These areas are driving positive momentum for the company.

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The lack of cohesion in the center of the park is evident for the US, with Emma Hayes continuing to try different combinations

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One subscription that gives you access to news from hundreds of sites

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Iran Vows Tighter Starlink Crackdown: cyber officials deploy jammers and GPS spoofing; warn satellite internet threatens control

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