Why Record Earnings Aren't Good Enough for AI, Chip Investors
Micron Technology(US:MU) Bloomberg Television·2026-07-31 05:37Semiconductor companies are posting triple-digit earnings growth and hyping huge demand for all things AI. So why are their share prices sliding. Let's take Hynix as an example.Earnings up 557%, margins over 80%. And yet the stock drops 7.5%. US stocks have been trading very similarly, with Micron seeing a similar fall after earnings.One reason: expectations are sky-high. Analysts have 45 buys and zero sells on Hynix, with consensus target price over double where the stock price is trading at the moment. It ...