Why Micron Stock Sank Today
Micron stock has seen big swings this year as investors have attempted to weigh how much of a near-term benefit the company will see from artificial intelligence ( AI) trends. On the heels of today's pullback, the company is now valued at less than 12 times this year's expected earnings.
Analysts surveyed by FactSet expect the company to post earnings of 87 cents a share on revenue of $13.78 billion.
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