4 Blowout Numbers From Micron's Earnings Investors Need To See
Micron's hot streak continues.
4 Blowout Numbers From Micron's Earnings Investors Need To See
Overview
Micron (NASDAQ: MU) did it again.
The memory chip superstar blew past results in its third-quarter earnings report, sending the stock up 15% after hours on Wednesday as the company both smashed third-quarter expectations and gave much better guidance than expected.
Details
The results showed that the AI boom isn't slowing down and that memory shortages are expected to persist at least through 2028. Management said it was in the early innings of significant innovation and productivity improvements, and that the memory industry has been structurally transformed by AI.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
