Micron Stock Crashes 16% Amid Sluggish PC and Smartphone Demand
Shares of Micron Technology Inc. ( MU, Financial) sharply fell by approximately 16% after the chipmaker issued a downbeat forecast, citing weak demand for personal computers (PCs) and smartphones. The announcement overshadowed the growth of chips designed for artificial intelligence (AI), which had buoyed investor confidence in recent months.
Micron shares dropped as investors digested weak guidance. Analysts at Bank of America and UBS lowered their prices targets ...
Analysts are largely upbeat on Micron’s stock, pointing to an upbeat AI narrative while noting that pressures on consumer ...
The summary of Micron’s outlook has investors dropping their valuation of the stock, putting shares in a technically ...
Micron Technology shares tumbled in early Thursday trading after the memory chip maker's muted near-term outlook clouded an ...
Micron stock closed down 16.2% after it posted quarterly revenue and earnings in line with analyst estimates but spooked investors with its soft forward guidance. Micron earnings always get a ...
Micron said late Wednesday that it sees current-quarter revenue of about $7.9 billion, well below estimates. The company ...
Micron shares plummeted 16% on Thursday — heading for their worst day since March 2020 and the start of the Covid pandemic ...
Micron's AI opportunity wasn't enough to offset investor concern over its weak outlook for the current quarter.
According to an analysis posted Wednesday evening by CNBC; "For the second quarter, Micron said it expects revenue of $7.9 ...
Micron shares traded sharply lower in extended trading on Wednesday after the chipmaker issued a weaker-than-expected outlook ...
Micron Technology (MU) shares continue to slide in Thursday's pre-market trading after its fiscal second quarter revenue ...
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