Micron: Why I Am Aggressively Buying The Drop
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Micron Technology reported strong fiscal Q1 '25 earnings but issued weak Q2 '25 guidance, leading to a 16% share drop. Despite this, the company's HBM3E memory solutions are driving results, with significant DRAM revenue growth. The current valuation presents an attractive investment opportunity.
December 19, 2024 | 3:30 pm
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Micron Technology's stock dropped 16% after issuing weak Q2 '25 guidance despite strong Q1 '25 earnings. The company's HBM3E memory solutions are driving significant DRAM revenue growth, presenting a potential buying opportunity.
Micron's stock price dropped significantly due to weak guidance, but the strong performance in DRAM revenue driven by HBM3E solutions suggests potential for future growth. The current low valuation may attract investors looking for long-term gains.
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