Micron Plunge Post Earnings: Is $85 a Solid Buy?

Micron Technology is down more than 16% after hours on Wednesday after the Idaho-based chipmaker reported weaker-than-expected earnings and grim outlook. ------------ Is it oversold? Would you buy the dip at $85? What's the fair price?

avatarPigpen
04-01
No. Tech is in the doghouse now. The shine is off. Too many took profit. Need the next big story. AI ain't it. 
avatarKKLEE
2024-12-20
$Micron Technology(MU)$  Micron Technology (MU) took a sharp plunge after its latest earnings report, raising questions about whether the current price of $85 offers a compelling entry point for investors. To answer this, let’s examine the underlying factors driving the stock and weigh its short-term potential against its risks. Earnings Miss and Market Reaction Micron’s disappointing forecast sent the stock tumbling as concerns about weaker-than-expected memory pricing overshadowed long-term optimism in AI-driven demand. Despite these headwinds, the semiconductor giant remains well-positioned in the DRAM and NAND markets, particularly as AI and data center adoption continue to expand. Why $85 Could Be a Buy Cyclical Recovery: Micron operates i
avatar_GOD_
2024-12-20
$Micron Technology(MU)$   🚨 Micron Stock: A Must-Watch Right Now! 🚨 Is Micron Technology (MU) the next big opportunity in the tech sector? 💡 With the chipmaker showing some impressive momentum, investors are buzzing about its future potential. As demand for memory and storage solutions continues to surge, Micron's stock could be primed for growth — but the market's volatility might make you think twice. ⚡ 📊 Key Reasons to Watch: Tech Growth: As AI and data centers continue to expand, Micron's products are at the heart of this revolution. Will they lead the charge? Strong Earnings Reports: Recent earnings have shown positive growth, but can they maintain this momentum? Global Chip Shortages: With the chip shortage
avatarZEROHERO
2024-12-20
$Micron Technology(MU)$   $MU | Micron beat earnings estimates and revenue was in-line but Q2 outlook was weaker than expected. The stock is -14.3% after hours. 🔹 EPS: $1.79 vs. $1.76 est. ✅ 🔹 Revenue: $8.71B vs. $8.71B est. 🟠 Key takeaways: 🔸 Networking revenue: +46% YoY 🔸 Data center revenue: 50%+ of total revenue 🔸 Q2 revenue outlook: $7.7B-$8.1B ($8.9B est.) 🔸 Q2 EPS outlook: $1.33-$1.53 ($1.93 est.) Join me at https://discord.gg/AY8VBrND to ride the market with profits today! 🤑
avatarBishiyy
2024-12-20
$Micron Technology(MU)$  This reflects anticipated weaknesses in consumer markets, including PCs and smartphones, as well as softness in the auto and industrial sectors. Despite these challenges, Micron remains optimistic about growth in AI-related markets, particularly in high-bandwidth memory (HBM) for AI data centers, which is projected to grow significantly.
avatarTiger2023
2024-12-19
$Micron Technology(MU)$  is in tough position. The guidance is much lower than the market expected. Limited upside from here until situation improves.