Why Everyone Is Talking About Micron
Micron just reported blowout earnings, even as the artificial intelligence sector has been under pressure lately.
Why Everyone Is Talking About Micron
Overview
In recent weeks, the market has shown artificial intelligence fatigue, as concerns have mounted and investors wonder whether the rally can continue without a pullback first.
However, some of the AI-bottleneck trades remain as strong as ever.
Details
The AI memory maker Micron (NASDAQ:MU) just reported blowout third-quarter earnings results. Earnings per share of $25.11 beat Wall Street consensus estimates by $4.72. Revenue of $41.5 billion beat estimates by $6.4 billion.
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.
