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Micron Earnings: Here's Your Buying Opportunity
MUMicron Technology(MU) Seeking Alpha·2024-06-27 16:07

JHVEPhoto The last time I mentioned Micron Technology (NASDAQ:MU), we discussed how it became one of the highest-flying large-cap stocks on Wall St. and likely needed some time to cool off. Micron's stock surged from around $60 to nearly $160 due to AI optimism and better-than-expected earnings during the past year. However, Micron hit a blowoff top recently, and the stock has been retreating ever since. Moreover, Micron reported solid earnings on June 26th, but the stock sold off because the guidance was m ...