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Considering actively buying during this decline, Micron's first quarter: the driving force for success in 2025 is in place.
Micron Technology, Inc.'s stock price dropped by around 15% due to market perception of weakening outlook in the second quarter after the first quarter earnings announcement.
The company points out that the response to AI innovation in the consumer end market is slower than initially expected, leading to a decrease in the average selling price of NAND and the need to reduce NAND capital expenditures.
On the other hand, the demand for datacenters utilizing AI is rapidly increasing, with first-quarter datacenter revenue growing by 400% compared to the previous year.
The company expects the annual $100 billion market opportunity in the High Bandwidth Memory (HBM) market to be achieved by 2030 with a CAGR of approximately 36%.
MU stocks are being traded at an unbelievably cheap price-to-earnings ratio of about 7, which is a wonderful Buy in the soaring stock market.
The company points out that the response to AI innovation in the consumer end market is slower than initially expected, leading to a decrease in the average selling price of NAND and the need to reduce NAND capital expenditures.
On the other hand, the demand for datacenters utilizing AI is rapidly increasing, with first-quarter datacenter revenue growing by 400% compared to the previous year.
The company expects the annual $100 billion market opportunity in the High Bandwidth Memory (HBM) market to be achieved by 2030 with a CAGR of approximately 36%.
MU stocks are being traded at an unbelievably cheap price-to-earnings ratio of about 7, which is a wonderful Buy in the soaring stock market.
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