Micron's stock plummeted on Thursday following the company's earnings report and its weaker-than-expected guidance for the second quarter.

CNBC

United States

Micron stock headed for worst day since 2020 after disappointing guidance

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The shock of the Fed's outlook is still fresh in the minds of investors on Wall Street. After the heavy losses of the previous day, however, the US stock markets are at least not continuing to fall. Some tech stocks are regaining ground - but not Micron.

Der Schock über den Ausblick der Fed sitzt den Anlegern an der Wall Street noch in den Knochen. Nach den heftigen Vortagsverlusten geht es an den US-Börsen aber wenigstens nicht weiter nach unten. Einige Tech-Aktien machen wieder Boden gut - Micron allerdings nicht.

Micron stürzen ab: US-Börsen kommen nach Zinsschreck kaum vom Fleck

n-tv.de

Bertelsmann Stiftung

Micron crashes: US stock markets barely move after interest rate scare

22:26 New York flagged in place after Wednesday's blow. Chipmaker Micron Technology sees strong demand from the AI corner, but traditional markets are underperforming.

22:26 New York trappelde ter plaatse na de klap van woensdag. Chipbakker Micron Technology ziet een sterke vraag vanuit de AI-hoek, maar de traditionele markten presteren zwak.

Wall Street: Micron Technology sluit 16 procent lager na sobere prognose

De Tijd

Belgium

Wall Street: Micron Technology closes down 16 percent after sober forecast

Key Takeaways
Micron Technology shares tanked Thursday after the chipmaker warned about near-term demand issues.
Bank of America analysts lowered their rating on Micron's stock and cut their price target, while Citi lowered its estimates for Micron's fiscal 2025 and 2026 earnings and…

BizToc

Micron Stock Plunges After Company Cuts Outlook, Analysts Raise Concerns

Micron CEO Sanjay Mehrotra speaks before President Joe Biden delivers remarks on the CHIPS and Science Act and his Investing in America agenda, at the Milton J. Rubenstein Museum in Syracuse, New York, April 25, 2024. Andrew Caballero-Reynolds | AFP | Getty Images    
Micron shares plummeted 16% on Thursday — their worst day since March 2020 and the start of the Covid pandemic — after the chipmaker issued disappointing second-quarter guidance in…

World ABC News

Micron has for worst day since 2020 after disappointing guidance

The US group Micron Technology, specialized in chips for smartphones and personal computers, has entered profits in its first fiscal quarter after triggering revenue, but the weak sales forecast for the second quarter sinks more than 16% of its half-session quote on Wall Street. Read

El grupo estadounidense Micron Technology, especializado en chips para 'smartphones' y ordenadores personales, ha entrado en beneficios en su primer trimestre fiscal tras disparar los ingresos, pero la débil previsión de ventas para el segundo trimestre hunde más del 16% su cotización a media sesión en Wall Street. Leer

Micron se hunde en Bolsa por la débil previsión de ingresos

Expansión

Micron sank on the Stock Exchange because of the weak revenue forecast

Shares of Micron Technology Inc. (MU) plunged by approximately 15% on Thursday after the chipmaker projected weak demand for its products, particularly in consumer markets. Analysts expressed concerns over Micron’s outlook, predicting adverse impacts on earnings and revenue for fiscal years 2025 and 2026. Micron’s shares drop 15% amid weak demand forecast The company anticipates current-quarter revenue of about $7.9 billion, significantly below …

Dataconomy

Why Micron shares drop 15% overnight: An analysis

Micron revenues surged to a first quarter record in its sixth consecutive growth quarter with AI a long-term revenue booster, despite posting an outlook that appeared to disappoint investors and led to a share price drop of more than 15 percent. The US-based memory maker, which says it foresees SSDs replacing datacenter disk drives, reported […]

Blocks and Files

Micron boosted by AI-driven sales surge, but shares dip after forecast disappoints – Blocks and Files

Micron Technology (NASDAQ:MU – Get Free Report) had its price target decreased by research analysts at Piper Sandler from $150.00 to $120.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the semiconductor manufacturer’s stock. Piper Sandler’s price target points to a potential upside […]

themarketsdaily.com

Piper Sandler Cuts Micron Technology (NASDAQ:MU) Price Target to $120.00

Micron Technology (NASDAQ:MU – Get Free Report) had its price objective reduced by stock analysts at Wells Fargo & Company from $175.00 to $140.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the semiconductor manufacturer’s stock. Wells Fargo & Company‘s price target would indicate a potential upside […]

Micron stock headed for worst day since 2020 after disappointing guidance

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