Micron Q1: Consider Buying This Dip Aggressively, Drivers In Place For FY25 Success
Portfolio Pulse from
Micron Technology's stock dropped 15% after Q1 results due to a weaker Q2 outlook. While consumer markets are slow to adopt AI, leading to lower NAND prices and reduced capex, data center demand is booming with a 400% increase in revenue.
December 19, 2024 | 12:00 am
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Micron's stock fell 15% after Q1 results due to a weak Q2 outlook. Consumer markets are slow to adopt AI, affecting NAND prices and capex, but data center demand is strong with a 400% revenue increase.
The 15% stock drop reflects market concerns over a weak Q2 outlook. Slow consumer AI adoption impacts NAND prices and capex, but strong data center demand is a positive sign. Short-term impact is negative due to immediate market reaction.
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