MU Stock Recent News

Micron Technology, Inc. (NASDAQ:MU ) Post Q4 2023 Earnings Analyst Conference Call September 27, 2023 6:00 PM ET Company Participants Samir Patodia - IR Mark Murphy - EVP & CFO Manish Bhatia - EVP of Global Operations Sumit Sadana - EVP & Chief Business Officer Conference Call Participants Harlan Sur - JPMorgan Ambrish Srivastava - BMO Capital Markets Chris Danely - Citigroup Aaron Rakers - Wells Fargo Securities Vivek Arya - Bank of America Merrill Lynch Karl Ackerman - BNP Paribas Exane Brian Chin - Stifel Quinn Bolton - Needham & Company Operator Thank you for standing by, and welcome to Micron's Post-Earnings Analyst Call. At this time, all participants are in listen-only mode.

Micron Technology, Inc. stock has performed well despite its cyclical nature and unpredictable short-term earnings. Investors should focus on a 2-5 year time frame and ignore short-term earnings predictions. The current decline in Micron's stock price could potentially take several more years to recover from, especially if a recession occurs.

Our theme of Internet Infrastructure Stocks – which includes a diverse set of companies that sell hardware and software that underpin the Internet - has fared well thi

Analysts are praising Micron Technology Inc.'s progress on its year-long turnaround in a tough memory-chip market, but even with a boost from artificial-intelligence sales, it could take another year for the company to break even.

Micron Technology (MU) shares tumbled more than 3% in early trading Thursday after the company issued weaker-than-expected guidance for the current quarter, despite beating revenue and profit expectations for the quarter ended August 31.

Micron Technology Inc. fell as much as 5.5% in premarket trading after predicting a steeper loss than anticipated in the current quarter, indicating that an industry slump is still weighing on the largest US maker of memory chips. Ed Ludlow reports.

Micron Technology (MU) shares slide lower this morning after investors express disappointment on the extent of its fourth-quarter earnings beat. Fox Advisors Founder and CEO Steven Fox spoke with Yahoo Finance Executive Editor Brian Sozzi and Brad Smith about the pain points in Micron's bottom line and declining revenue across segments.

GameStop appoints Ryan Cohen as president and CEO. U.S. GDP growth rises 2.1% in Q2; Weekly jobless claims rose to 204K.

Investors have wanted AI stocks to rise en masse. Yet Micron stock fell even as it hopes to build a stronger relationship with Nvidia.

Shares of Micron NASDAQ: MU are down about 5% following the Q4 release and guidance, but this is not the time to trim positions. The stock is down on a lackluster report that points to industry normalization, a return to growth, and a record-high total addressable market for microchips.