Micron Technology‘s (NASDAQ: MU) 2024 stock market rally came to a screeching halt last week after the company released fiscal 2024 third-quarter results (for the three months ended May 30). The memory specialist’s outlook didn’t exceed Wall Street’s expectations by a big enough margin, and the stock fell almost 8% just after its release. Micron’s […]
Tag: Micron
Why Artificial Intelligence (AI) Stock Micron Technologies Stumbled Thursday
Shares of Micron Technology (NASDAQ: MU) tumbled on Thursday, falling as much as 7.9%. As of 3:15 p.m. ET, it had recovered somewhat, though the stock was still down 5.9%. 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 […]
Micron is still ‘trending in the right direction’: Analyst
Micron Technology (MU) reported fourth quarter earnings, surpassing expectations on the top and bottom lines. However, the company’s weaker-than-expected outlook disappointed investors, triggering a downturn in the semiconductor sector and dragging chip stocks lower in Thursday’s trading session. CFRA Research senior industry analyst Angelo Zino and Bloomberg Intelligence analyst Jake Silverman join the Morning Brief […]
Stocks waver after key data as Micron slides
US stocks wobbled on Thursday after chipmaker Micron’s (MU) outlook put a dent in tech-rally hopes, as investors assessed fresh economic data ahead of an inflation reading key to Federal Reserve policy. The S&P 500 (^GSPC) was little changed after rising Wednesday to close not far short of a new all-time high. The Dow Jones […]
Stocks waver after key data as Micron slides
US stocks wobbled on Thursday after chipmaker Micron’s (MU) outlook put a dent in tech-rally hopes, as investors assessed fresh economic data ahead of an inflation reading key to Federal Reserve policy. The S&P 500 (^GSPC) was little changed, paring earlier still-slight losses after rising Wednesday to close not far short of a new all-time […]
Stock Market Today: Dow Jones Falls On GDP, Jobless Claims; Micron Dives On Earnings
Dow Jones futures dropped, as did the other major stock indexes Thursday, as Wall Street reacted to the Labor Department’s GDP report and weekly unemployment claims. One of the losers on the stock market today was memory-chip maker Micron Technology (MU), plunging a day after it reported earnings. ↑ X NOW PLAYING Nasdaq Edges Higher, […]
US futures slip as Micron slides, with data on deck
US stock futures retreated on Thursday after chipmaker Micron’s (MU) outlook put a dent in tech-rally hopes, as investors braced for fresh economic data ahead of an inflation reading key to Federal Reserve policy. S&P 500 futures () dropped roughly 0.2%, after rising Wednesday to close not far short of a new all-time high. Futures […]
Micron tumbles as AI revenue surge falls short of lofty expectations
Micron (MU) shares dropped almost 6% in premarket trading on Thursday after the chipmaker’s current-quarter revenue forecast failed to impress investors looking for outsized results powered by the AI demand surge. The chipmaker forecast fourth-quarter revenue of $7.6 billion, plus or minus $200 million, in line with analysts’ average estimate even as the company said […]
Dow Jones Futures: Micron Falls On Earnings; Tesla, Amazon In Buy Zones
Dow Jones futures fell slightly early Thursday, along with S&P 500 futures and Nasdaq futures. Micron Technology (MU) fell solidly after earnings. ↑ X NOW PLAYING Nasdaq Edges Higher, Small Caps Lag In Mixed Session; FedEx, AMZN, Arm Holdings In Focus The stock market rally saw modest gains on the major indexes, though overall breadth […]
Futures dip as Micron drags down chip stocks ahead of economic data
(Reuters) – U.S. stock index futures dropped on Thursday, as Micron Technology slumped after an unimpressive current-quarter forecast and dragged down other chip stocks, while caution ahead of economic data and a presidential debate also dented sentiment. The memory chipmaker’s shares lost 5.5% premarket after fourth-quarter revenue forecast came largely along expectations and disappointed investors […]
Why Is Micron Stock Down After a Double Earnings Beat?
In this video, I will talk about Micron Technology‘s (NASDAQ: MU) latest earnings report, comments from management about the outlook, and explain why the stock is down. *Stock prices used were from the trading day of June 25, 2024. The video was published on June 25, 2024. Should you invest $1,000 in Micron Technology right […]
Micron Drops After Forecast Fails to Meet Lofty Expectations
(Bloomberg) — Micron Technology Inc., the largest US maker of computer memory chips, declined in late trading after its forecast disappointed investors seeking a bigger payoff from artificial intelligence mania. Most Read from Bloomberg Fiscal fourth-quarter sales will be $7.4 billion to $7.8 billion, the company said in a statement Wednesday. While the average analyst […]