Micron reported better-than-expected results on Wednesday, but the stock declined on a forecast that was only inline with estimates.
shares fell almost 8% in extended trading on Wednesday as investors looked past better-than-expected results and focused instead on a revenue forecast that was inline with estimates.Sign up for NBC Philadelphia newsletters.
The shares have more than doubled in the past year as the company rides the artificial intelligence boom. Micron's most advanced memory is needed for AI graphics processing units like, putting the company in position to benefit from demand for technology to train and deploy AI applications like OpenAI's ChatGPT.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Micron shares slide after revenue forecast fails to top estimatesMicron reported better-than-expected results on Wednesday, but the stock declined on a forecast that was only inline with estimates.
Les mer »
Micron Q3 results beats estimates on AI-led memory chip demand; guidance in-lineMicron Q3 results beats estimates on AI-led memory chip demand; guidance in-line
Les mer »
Stocks making the biggest moves premarket: Rivian, FedEx, Whirlpool, Nvidia, Micron and moreThese are the stocks posting the largest moves in premarket trading.
Les mer »
Micron earnings preview: Analysts unveil new price targets ahead of Q3 printMicron earnings preview: Analysts unveil new price targets ahead of Q3 print
Les mer »
Cramer's week ahead: Earnings from Micron, Walgreens and General MillsCNBC’s Jim Cramer noted that Monday was tough for Big Tech, but expressed continued faith in the success of the megacaps in that sector.
Les mer »
Micron stock price target raised at Citi, Baird; shares riseMicron stock price target raised at Citi, Baird; shares rise
Les mer »