Micron Technology (MU) topped estimates for its fiscal fourth quarter — revenue of $11.32 billion (vs. estimates of $11.15 billion), adjusted earnings of $3.03 per share (vs. estimates of $2.84) — while its next-quarter guidance outpaced Wall Street forecasts.
Synovus VP and senior portfolio manager Daniel Morgan reacts to Micron’s earnings and outlook, comparing the company’s AI life cycle to that of chipmaking competitor Nvidia (NVDA).
Also, Moor Insights & Strategy founder, CEO, and chief analyst Patrick Moorhead, sits down with Julie Hyman on Market Catalysts to discuss Micron’s earnings and why he believes the AI trade is different from the dot-com bubble.
To watch more expert insights and analysis on the latest market action, visit: https://finance.yahoo.com/
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