Micron stock flat despite beating earnings expectations and raising guidance
Micron reported earnings that exceeded analyst expectations and issued upbeat guidance this week, according to CNBC. Wall Street analysts remain bullish on the chipmaker despite the stock’s muted immediate response to the results.
Chip stocks have cooled after strong gains in the first half of the year, CNBC reports, as investors rotated into software names that rebounded last quarter.
Sources: CNBC, MarketWatch
This article is for information only and is not financial advice.
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