Micron Technology(US:MU) Youtubeยท2025-09-23 20:49Market Overview - Federal Reserve Chair Jay Powell indicated that asset prices are elevated compared to historical levels, leading to a decline in stock prices following his comments [5][6] - The Dow Jones Industrial Average fell approximately 80 points (0.2%), while the S&P 500 decreased by over 30 points (0.6%) [6] - The Nasdaq Composite dropped nearly 1%, and the Russell 2000 closed down 0.2% [6] Company Performance - Micron Technology reported fiscal fourth-quarter earnings with an EPS of $3.03, surpassing analyst expectations of $2.84, and revenue of $1.32 billion, slightly above the forecast of $1.15 billion [10][12] - Micron's gross margin expanded to 45.7%, and the company provided a positive outlook for the fiscal first quarter, guiding revenue between $12.2 billion and $12.8 billion, and adjusted EPS between $3.60 and $3.90 [13][14] - Shares of Micron rose approximately 4% in after-hours trading following the earnings report [16] Industry Insights - The energy sector saw gains as oil prices increased by over 1%, while most other sectors, including IT and communication services, experienced declines [7][8] - Paramount Global's stock rose by about 6% amid speculation regarding a potential bid for Warner Bros. Discovery, although no new information was provided [17][18] - The tech sector, particularly the "MAG seven" companies, faced a downturn, with all seven major tech stocks declining, contributing to a 1.54% drop in the index [25]