Micron Knocks It Out Of The Park In Q3 (Rating Upgrade)
MUMicron Technology(MU) Seeking Alpha·2024-06-27 18:15

IR_Stone Despite Micron (NASDAQ:MU) reporting solid third fiscal quarter results on Wednesday, and beating earnings by a good margin, shares skidded 8% in after-hours trading. The memory maker benefits from accelerating demand for its AI memory products which are used to power artificial intelligence applications in Data Centers especially. Micron’s guidance for FQ4’24 revenues disappointed, although I feel that the company’s accomplishments, especially in terms of NAND/DRAM pricing strength and gross margi ...