Good morning, my dears,
After the good figures for Sk Hynix , it was almost obvious that Micron would follow suit.
I see a favorable valuation and a good outlook for both. There is therefore still potential.
And I remain invested in both.
Micron is exceeding expectations in terms of sales and earnings. The outlook is strong thanks to the AI boom. Nevertheless, the share gave back some of its gains after the close of trading. What's going on? US chip manufacturer Micron exceeded analysts' expectations in the third quarter in terms of both turnover and profit. The company also provided an optimistic outlook, which is supported by the ongoing boom in artificial intelligence (AI). Nevertheless, the share was unable to maintain its initial gains after the close of trading. Specifically, Micron achieved adjusted earnings per share of USD 1.91, while only USD 1.60 was expected.
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