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Micron Technology’s Disappointing Guidance

$Micron Technology (MU.US)$ ’s fiscal Q1 revenue met expectations, but weak guidance for the next quarter led to a post-market plunge of 17%. Analysts emphasized its pivotal role in setting the tone for tech stocks. While DRAM price drops weighed on the results, high-bandwidth memory for AI applications drove data center revenue up over 400% year-over-year, accounting for more than 50% of total revenue for the first time.
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