Micron Technology Outlook After Earnings Report

Micron Technology delivered a very strong earnings report this week, reinforcing its key role within the artificial intelligence sector. Even with record-breaking results and analysts' raising price targets, the stock pulled back on Thursday however, highlighting growing investor concerns about how long the current cycle can last, as well as the anticipated spending increase by Micron.Micron's latest earnings report show that revenue almost tripled year over year, while profitability surged. The Earnings pe ...