Micron Rides a Record Quarter, but the Memory Cycle Keeps Investors Cautious
TL;DR Summary
Micron logged a record quarter (revenue $41.46B, adjusted EPS $25.11, gross margin 84.9%) and guided Q4 revenue above estimates, but the stock fell after an initial post-earnings rally as investors worry about memory-cycle dynamics, rising capex from Samsung and SK Hynix, potential shifts in Apple’s sourcing from China, and the risk that peak margins may not persist despite the strong results.
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