Micron Technology shares stagnate despite 379% revenue surge
MU Micron Technology Inc
$1063.96 -1.02%
View chart & analysis → - 1Micron Technology's revenue surged 379% last quarter.
- 2Micron's revenue of $54.2 billion for the quarter ended September 3 slightly missed analysts' expectations of $51.1 billion.
- 3Acer CEO Jason Chen questioned the existence of a memory shortage, citing capacity expansions by Chinese companies.
So what's the key point?
Micron Technology's revenue grew significantly by 379%. However, the stock price did not move much because the results were slightly lower than what experts expected.
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