While computer memory specialistMicron Technology(NASDAQ:MU) fundamentally benefits from the surge in artificial intelligence — largely because of its high-performance memory and storage solutions — MU stock suffered a rude awakening recently.
Last week, shares tumbled almost 15% following the company's rather disappointing earnings report. Still, astute risk-takers may find upside opportunity in the carnage.
After the market closed last Wednesday, Micron released its results for the first quarter of fiscal 2025. Adjusted earnings per share landed at $1.79, beating the consensus view of $1.76. However, the market didn't take too kindly to the tech giant generating sales of $8.71 billion...
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