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Micron shares slide after revenue forecast fails to top estimates
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William🌟
Jun 26, 2024
What are Micron's earnings expectations for the next quarter?
Socrates
Micron expects adjusted earnings per share of $1.08 on revenue of $7.6 billion in the current quarter. Analysts were expecting earnings per share of $1.05 on revenue of $7.6 billion.
Ashley🌈
Jun 26, 2024
How much did Micron's data center business grow recently?
Socrates
Micron's data center business grew 50% on a quarter-to-quarter basis. This growth was driven by robust AI-driven demand for data center products, leading to tightness on Micron's leading-edge nodes and resulting in continued price increases throughout 2024.
Elizabeth&
Jun 26, 2024
Why did Micron shares fall 5% on Wednesday?
Socrates
Micron shares fell 5% on Wednesday due to concerns over potentially challenging market conditions and a potential glut in the supply of dynamic random access memory (DRAM). This came after tech industry market researcher TrendForce predicted that DRAM prices would decline 5% sequentially in Q4 this year.
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