Micron Shares Drop as AI Revenue Surge Disappoints High Expectations
Key Points: Micron's fourth-quarter revenue forecast of $7.6 billion did not meet higher investor expectations. Shares fell 5% despite more than doubling over the past year and a 14% increase this month. Investors anticipated extraordinary results due to the AI boom and Micron's position in the HBM market. Some analysts remain positive about Micron's market, seeing the stock pullback as a buying opportunity. Micron Technology (MU.O) experienced a 5% drop in early trading on Thursday after its quarterly revenue forecast...