At the 53rd Annual JPMorgan Global Technology, Media and Communications Conference, Verizon Communications Inc. indicated that customer churn is expected to normalize in the second half of 2025. The company also projected slightly lower net additions in fixed wireless access for the current quarter. Meanwhile, Micron Technology Inc. did not update its full-year guidance during its presentation at the conference. The company reported that the May quarter is tracking well, supported by healthy growth in DRAM and NAND bit shipments as consumer and smartphone/PC inventories continue to normalize. Despite the steady outlook, Micron's stock experienced a slight decline of 0.4% in pre-market trading following the conference presentation.
$MU TTN Summary of 08:40ET 53rd Annual JPMorgan Global Technology, Media and Communications Conference: No change to FY guidance; May quarter tracking well with healthy DRAM and NAND bit shipment growth as consumer and smartphone/PC inventories normalize. (Micron Technology Inc.)
$MU (-0.4% pre) Micron Technology (MU) Declines with J.P. Morgan Global Technology, Media and Communications Conference Presentation Ongoing https://t.co/yZuEVpwJGd
I am showing $MU is down because they didn’t update guidance at the JPM conference this morning? $SPY $QQQ https://t.co/MQadBOTdFn