Micron Forecast Draws Tepid Reaction Following 2025 Stock Rally
Takeaways by Bloomberg AI
Micron Technology Inc., the top-performing chipmaker on Wall Street this year, delivered an outlook that wasn’t quite rosy enough to keep its 2025 rally going.
Though the company posted third-quarter results and a fourth-quarter forecast that exceeded estimates, the stock began sliding Wednesday in late trading after a conference call with executives and continued to decline Thursday.