Micron's stock may see its worst day since 2020. Why the bulls are still upbeat.
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Micron's stock is facing a potential significant drop, possibly the worst since 2020. Despite this, analysts remain optimistic due to the positive AI narrative, suggesting that pressures on consumer markets are not unexpected for Wall Street.
December 19, 2024 | 3:45 pm
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Micron's stock is potentially facing its worst day since 2020, but analysts are optimistic due to a positive AI narrative. Consumer market pressures are not unexpected.
The article highlights a potential significant drop in Micron's stock, but analysts' optimism due to AI developments suggests a neutral short-term impact. The consumer market pressures are already anticipated by Wall Street, which may mitigate negative reactions.
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RELEVANCE 100