Options Corner: A Poor Performance By Micron May Signal An Incoming Rebound

Quick Summary:

While computer memory specialist Micron Technology (NASDAQ:MU) fundamentally benefits from the surge in artificial intelligence — largely because of its high-performance memory and storage solutions — MU stock suffered a rude awakening recently.

After the market closed last Wednesday, Micron released its results for the first quarter of fiscal 2025.

However, the market didn't take too kindly to the tech giant generating sales of $8.71 billion, thus missing the expected tally of $8.72 billion.

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Category: Technology

Markets: United States

Topics: Benzinga Options Stories That Matter Options Trade of the Day Earnings Tech MU US5951121038 Long Ideas Top Stories Expert Ideas

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Article Type: News Report

Published On: 2024-12-24 @ 15:46:25 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 920 words

Reading Time: 6 minutes read

Sentences: 50 lines

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News ID: 24640880

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