Micron Technology Inc. just reported its worst quarter in history, revealing more than $2 billion in losses in three months and its worst gross margin since the dot-com bust.So what the heck just happened?
The horrible numbers suggest that this could be the bottom again, and Micron executives leaned in to that message with their prepared remarks and discussions with analysts. Micron Chief Executive Sanjay Mehrotra said that inventory issues — which have taken flight as electronics manufacturers and other tech companies have stopped buying — “peaked” in the quarter, while taking a $1.
Micron did note that market conditions remain “extremely challenging” but that it expects DRAM and bit shipments will continue to increase, and supply demand balance will gradually improve for the rest of this calendar year.
tpoletti Simply about supply and demand. Nothing to do with valuation. For most stocks there is no value other than what someone is willing to pay to buy it.
tpoletti News out of China. Micron will be banned from Chinese market
tpoletti Micron démission
tpoletti If nobody wants to sell short get long but beware, scalpers are watching you..
tpoletti 120$ hère we come 😂😂😂
tpoletti Not yet😆
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