Micron's AI Boom: Stock Plunges, Then Soars
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Micron Technologys Q2 earnings soared, with revenue up 196% and adjusted EPS surging 682%, beating estimates. The stock skyrocketed, but plummeted 18.1% in March due to AI compression algorithm fears. However, long-term, this efficiency could boost AI adoption and demand for Microns chips.
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