Micron slumps as bleak quarterly forecast clouds AI-related boost
Micron Technology shares plummeted 15% in premarket trading on Thursday following a dismal forecast that signaled a squeeze from weak demand for personal computers and smartphones, overshadowing a solid lift from sales of AI-related chips.
Live news: Micron shares fall on disappointing quarterly revenue guidance
Micron, which is a key supplier of memory chips to the likes of Nvidia, said it expected revenue between $7.7bn and $8.1bn in the second quarter, missing Wall Street expectations of about $9bn.
Micron Shares Slide After Quarterly Outlook Misses Estimates
Memory-chip maker swung to a profit and posted higher revenue in its fiscal first quarter, though shares fell after the company’s outlook missed estimates.
Micron shares tumble as quarterly forecast signals sluggish consumer demand
Micron Technology forecast quarterly revenue and profit below Wall Street estimates on Wednesday, sending shares lower as weak demand for consumer-centric products such as personal computers and smartphones impacts the chipmaker's business.
Micron’s weak outlook sparks a big skid for the AI stock
The memory-chip company cited weakness in consumer-facing markets but momentum in higher-margin areas and those levered to AI.
Micron Stock Slides on Unexpectedly Weak Short-Term Outlook
Micron Technology shares slid after the company gave a cautious outlook for the current quarter, citing weakness in consumer-related chip markets. The memory-chip maker late Wednesday said total revenue rose 84% last quarter,
Micron's second-quarter forecast disappoints; shares tumble
Micron Technology forecast second-quarter revenue and profit below Wall Street estimates on Wednesday, as weakened prices of memory chips used in handsets and PCs weigh on earnings, sending its shares down 13.
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