Micron's 17% stock plunge reveals a surprising valuation
FROM THE WIRE · FINANCE.YAHOO.COM
This article first appeared on GuruFocus. Micron Technology Inc. (MU, Financials) shares dropped more than 17% , sending the memory chipmaker to trade at only 3.72 times profits forecast over the next 12 months.That was the cheapest forward price-to-earnings ratio among 10 U.S.…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe drop in Micron and chip peers signals growing hesitation over AI infrastructure spending.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Micron shares fell more than 17% in one session.
- 02The stock trades at 3.72 times forward 12-month profits.
- 03Nvidia fell about 9% and AMD over 17%.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Micron Technology, Inc.694.48 USD+5.80%today +5.80%Negative NVIDIA Corporation192.21 USD+5.84%today +5.84%Negative Advanced Micro Devices, Inc.438.75 USD+8.49%today +8.49%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets