TSLA
Tesla
-- 410.440 NVDA
NVIDIA
-- 144.470 CRNC
Cerence
-- 19.330 RGTI
Rigetti Computing
-- 19.0200 PLTR
Palantir
-- 79.890 
$Micron Technology (MU.US)$ see chatgpt give the reason why ...
$Micron Technology (MU.US)$ see chatgpt give the reason why MU stock price drop so much after post market ===>Micron Technology's stock (MU) experienced a significant drop following their earnings report on June 26, 2024. Despite beating the earnings estimates, with an actual EPS of $0.62 compared to the expected $0.48, the stock price fell sharply【18†source】【17†source】.
The drop in stock price can be attributed to a few factors:
1. **Profit Concerns**: Even though Micron posted better-than-expected earnings, there might be underlying concerns about the sustainability of their profits. Analysts and investors often look beyond the headline numbers to assess future growth potential and profitability.
2. **Revenue and Market Conditions**: Micron's revenue was $6.81 billion, slightly above the expected $6.67 billion. However, any signs of market saturation, increased competition, or macroeconomic factors affecting the semiconductor industry could impact investor sentiment【18†source】.
3. **Guidance and Forward-Looking Statements**: If the company's guidance for future quarters was less optimistic or highlighted potential challenges, it could have led to the stock price decline despite the earnings beat.
In summary, while Micron did report strong earnings for Q3 2024, broader concerns about future profitability and market conditions likely contributed to the stock's decline.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
151335985 : This reason is untenable. In the absence of major (negative) events, it won't instantly drop to over 130 after the market, and there is no motivation. An earnings report that outperformed all predictions was unlikely to cause a sharp decline, although future quarters may face challenges.
71573442 : Totally agree
It's just the agency cutting the chives!
SamuelX : This analysis, without any expectation, is simply capital manipulation, where rich people make money and lose money