Why Micron’s AI Windfall Isn’t Convincing Investors

Image by u_8t3emw1yia from Pixabay Micron (NASDAQ:MU) just tripled its revenue over its most recent quarter, delivered some of the highest margins in memory history, and guided for continued strength, projecting $33.5 billion in revenue and gross margins expanding to 81% in the current quarter. Yet its stock remains down by 13% since the earnings release. So why did the stock fall? It isn’t even expensive, trading at roughly 7x forward earnings and closer to 4x FY '27 estimates. Despite explosive growth ...