July 23, 2024
Micron just released an objectively horrible earnings report. Why is the stock not falling?

Micron just released an objectively horrible earnings report. Why is the stock not falling?

Micron Technology Inc. just reported its worst quarter in history, revealing more than $2 billion in losses in three months and its worst gross margin since the dot-com bust.

Yet when the extended trading session ended Tuesday, Micron MU shares were up 1.2%.

So what the heck just happened?

The…

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