The Middle Eastern conflict has severely affected the stock markets. From the US to Europe to Asia, markets are bleeding, and stocks that have enjoyed a strong run prior are coming down to reality.
Post-earnings pullbacks after monster beats often create attractive re-entry points.
Shares of Micron Technology fell about 5% on Thursday, even after the chipmaker reported stronger-than-expected fiscal second-quarter results. The company nearly tripled its revenue in the latest quarter, driven by robust demand for memory chips used in artificial intelligence systems.
Micron Technology Inc (NASDAQ:MU) shares fell more than 5% in Thursday morning trading after the memory chipmaker reported results and outlook that drew mixed reactions from analysts, who largely pointed to strong fundamentals but flagged near-term margin and pricing dynamics. The stock move followed Micron Technology's latest quarterly report released after Wednesday's market close, which highlighted continued strength in demand tied to artificial intelligence but also guidance that some investors viewed as conservative relative to pricing trends.
Micron Technology is crushing expectations to a degree that's reminiscent of Nvidia's breakout performances at the beginning of the artificial-intelligence boom three years ago, a Deutsche Bank analyst noted.
Micron Technology (NASDAQ: MU) has received a major boost from Wall Street after Barclays raised its price target to a street-high $675, up from the previous $450, following the company's latest earnings report released on March 19.
MU's Q2 revenues jump 196%, while EPS soars 682% year over year, driven by strong demand for its high bandwidth memory products.
Though the chipmaker reported blowout Q2 earnings, expectations are now so high that its share price fell in after-hours trading. The stock is up more than 350% in the past year, however, thanks to a memory supply shortage driven by surging demand for Nvidia's AI chips.
Micron Technology (MU) delivered Q2 results and guidance that far exceeded Wall Street expectations, driven by AI-fueled memory demand. AI drone firm Swarmer (SWMR) jumps 1,000% in two days.
Micron's shares dropped more than 4% before the bell on Thursday, as the chipmaker's plans for heftier capex spending unnerved investors, taking the shine off another round of AI-fueled blockbuster quarterly earnings.
Micron Technology, Inc. (MU) Q2 2026 Earnings Call Transcript
Micron Technology (MU) slipped notably after market close on March 18, even though the memory chips specialist posted a blowout quarter featuring a nearly 200% year-on-year increase in revenue to $23.86 billion. And while this weakness is being attributed primarily to the firm's warning that capex will step up “meaningfully” this year, part of it is actually related to an attack on Qatar's energy infrastructure, specifically the Ras Laffan industrial complex, amidst continued escalations between the US and Iran.