Reported about 1 year ago
Following Micron Technology's recent financial results, the stock price experienced a decline due to the company's fiscal Q4 revenue forecast not meeting Wall Street's expectations. However, Micron's revenue has been steadily increasing each quarter of fiscal 2024, driven by the demand in the AI market. Despite the short-term fluctuations, analysts still suggest a buy rating for Micron stock, anticipating further growth in the long term as the AI industry continues to expand.
Source: YAHOO