Reported 9 months ago
After issuing a tepid profit forecast, Micron Technology's shares declined as the company challenged market consensus on near-term demand, despite posting strong third-quarter earnings. Micron's key position in high-bandwidth memory chips, including the new HBM3E iteration incorporated into Nvidia's processors, has contributed to its market value doubling over the past year. Analysts have varied responses, with some affirming bullish predictions for Micron's future profitability, while others revised price targets based on expectations of AI-driven demand growth and increasing profit margins.
Source: YAHOO