Micron Beats, Guides Strong, Stock Barely Moves — SkimNews
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- Micron beat earnings estimates and issued strong guidance, with data center revenue jumping 11-fold year-over-year, per CNBC.
- Despite the blockbuster results, Micron's stock barely reacted, even as the broader market — Dow, S&P 500, and Nasdaq — closed mixed and other tech names were lifted by the news.
Why it matters: Micron's 11-fold data center revenue jump and strong guidance confirm explosive AI-driven memory demand, but the muted stock reaction shows holders got the beat without the pop. The split — Micron flat while peers and the broader tech sector got a lift — left Micron shareholders watching a sector-wide rally that bypassed their own name.
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