Reported about 1 year ago
Micron Technology Inc.'s recent sell-off after disappointing results serves as a cautionary reminder for investors regarding the uncertainties associated with investments in artificial intelligence chipmakers. Despite upbeat expectations and Micron's position in AI-related stocks, the company's forecast fell short of the highest estimates, leading to an 8% drop in its shares. This event, following Nvidia's significant slump, highlights the volatility and vulnerability of the market where companies are struggling to meet extremely high expectations in the AI sector.
Source: YAHOO