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On Wednesday, Micron Technology Inc (NASDAQ: MU) guided for a wider than expected first-quarter loss that triggered concerns of a sluggish recovery in data centers market, causing its shares to drop 2.4%. As it prepares to ramp up production of new product lines, Micron also revealed it is working to become a supplier to Nvidia Corporation (NASDAQ: NVDA) but even its better-than-expected results were overshadowed by the first quarter loss forecast and a later than anticipated return to a positiv
On Wednesday, Micron Technology Inc (NASDAQ: MU) guided for a wider than expected first-quarter loss that triggered concerns of a sluggish recovery in data centers market, causing its shares to drop 2.4%.
Micron Technology Inc. could be approaching a big new semiconductor cycle as it predicts a huge boost from AI, but there could be a roadblock on the path.
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