Micron Technology is reporting strong earnings, but its stock price is slipping despite exceeding expectations. The company’s forecast of $19.15 for quarterly adjusted earnings per share is significantly higher than the $12.03 predicted by analysts. This performance is reminiscent of Nvidia’s impressive early-stage growth during the AI boom three years ago. However, investors are worried that the memory cycle may be nearing its peak, causing them to sell off Micron shares.
Source: https://www.marketwatch.com/story/why-microns-stock-is-sliding-despite-nvidia-like-earnings-performance-fa9729f7