Micron falls as AI revenue surge falls short of lofty expectations

- Micron shares dropped 6% in premarket trading on Thursday after the chipmaker's current-quarter revenue forecast failed to impress investors looking for outsized results powered by the AI demand surge.

"Anything less than fantastic is not good enough when your share price got multiplied by three in just about 18 months," said Ipek Ozkardeskaya, senior analyst at Swissquote Bank in a note.The chipmaker is set to lose $10 billion at current share price levels of $133.25. Peers Nvidia, Broadcom, Intel and Qualcomm were also down 0.2-2% in premarket trading.

Goldman Sachs's analysts view the stock's pullback "as an opportunity to add to positions" as the brokerage continues to see market share gains for the company in the lucrative HBM chip market. This dividend stock is sure to benefit from ongoing cuts in the key interest rate and is already seeing some major opportunities ahead. The post 1 Dividend Stock to Buy if the Bank of Canada Keeps Cutting Rates appeared first on The Motley Fool Canada.With so much excitement around artificial intelligence, this year’s stock market story has been all about technology. But not every tech fund has tech in the name.

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