Micron's 'stumbling block' could be its Q4 revenue guidance

, reporting adjusted earnings of $0.62 per share and $6.81 billion in revenue after the market close on Wednesday. While closing just a pinch higher in Wednesday's regular trading hours, Micron shares are dropping in after-hours trading.

And if you look at the midpoint of their eps range would be about a dollar 08 a share which is above consensus, which was about a dollar.Josh and Julie was that revenue number 7.6 billion plus or minus 200,000.And it seemed like before I came into the studio I was looking over kind of what the expectations were and the motto really seemed to be beat on the third quarter and raised on the fourth quarter.

And that's kind of made a big catalyst to move the stock higher and really push up those valuation benchmarks.They had to, they had to beat and raise to really drive the stock higher based on the current valuations.But the move in the stock was absolutely tremendous this year and over the past 12 months, I mean, clearly investors had really decided that Mikron is just a smart way to play this mega A I trend that it was going to benefit from A I servers and A I enabled P CS and smartphones.

So a lot of people feel that uh NVIDIA is gonna be using mis high bandwidth memory chips for their H 200.

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