Micron Earnings: Down But Not Out, Why I'm Doubling Down
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Micron Technology, Inc. experienced a significant after-hours stock sell-off, dropping over 13% due to weak consumer demand and lower-than-expected NAND bit demand. Despite this, strong HBM and enterprise SSD sales were noted. The company anticipates a return to growth in the second half of 2025, driven by AI accelerator demand and data center growth.
December 18, 2024 | 11:00 pm
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Micron Technology's stock dropped over 13% after-hours due to weak consumer demand and lower NAND bit demand, despite strong HBM and enterprise SSD sales. Growth is expected to resume in 2H2025.
The significant drop in Micron's stock price is attributed to weak consumer demand and lower-than-expected NAND bit demand, which led to reduced guidance and CapEx cuts. However, the company has strong sales in HBM and enterprise SSDs, and anticipates growth driven by AI and data centers in 2H2025. This mixed outlook suggests a short-term negative impact on the stock price.
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