Wednesday's blockbuster earnings were not enough to stop shares in Micron Technology from falling 5.5% in pre-market trading.
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Blockbuster earnings were not enough to prevent a sharp drop in Micron Technology
shares in premarket trading.
The chipmaker tripled revenue in the latest quarter as results sailed past analysts’ estimates, but shares look set to fall by around 5.3% at the open as of 07:02 a.m. E.T.
Micron stock is up more than 350% in the past year, however, thanks to a memory supply shortage driven by surging demand for Nvidia’s AI chips.
Since reporting blowout earnings March 18, the memory maker's shares have slid about 30%.
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