$Micron Technology (MU.US)$The company plans to hold its ear...
$Micron Technology (MU.US)$The company plans to hold its earnings call for the fourth quarter after the close of trading on Wednesday. This announcement is expected to show significant developments regarding the price of memory chips, as well as a broader sense of the themes for AI investments for the last few months of this year and beyond.
According to analysts at citigroup, about 80% of Micron investors have turned bearish ahead of the report, adding that "the buy-side's expectations for the November quarter guidance are almost the same as our revised forecast of $8 billion revenue, $1.24 earnings per share, or slightly lower."
Since Citigroup announced disappointing third-quarter financial results on June 26, Micron's stock has fallen by over 37%.
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182419482 : The number of datacenters is increasing, and it's a national policy to begin with, so why is that?