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Micron Technology's shares dropped sharply after the company's revenue forecast failed to meet high investor expectations. The largest US maker of computer memory chips saw its shares decline 6% in premarket trading. Despite better-than-expected quarterly results, the forecast, influenced by an anticipated surge in AI demand, did not impress investors. The disappointing forecast also pressured other semiconductor shares early Thursday and in late trading.
Shares of #Micron are down sharply after the chipmaker's guidance overshadowed better-than-expected quarterly results.
A disappointing forecast from Micron Technology weighed on its shares early Thursday, and pressured other semiconductor shares https://t.co/wEODw0YatM
Micron shares dropped 6% in premarket trading after the chipmaker's current-quarter revenue forecast failed to impress investors looking for outsized results powered by the AI demand surge. https://t.co/JQMCGcrIMq
