Micron’s Rollercoaster: Stock Dips but AI Future Shines

Micron Technology faced a wild ride with its stock plunging 18% on December 22, 2024, marking the steepest drop since March 2020 after Q2 revenue guidance missed the $8.98B mark, forecasting $7.9B instead. Despite the hiccup, analysts remain bullish, keeping buy ratings and spotlighting Micron’s prowess in high-bandwidth memory for AI alongside Nvidia. With a robust Q3 revenue of $6.81B and eyeing a bright AI-driven future, Micron proves that even in downturns, tech giants find their groove.