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Is Micron Technology Stock a Buy Now?

Is Micron Technology Stock a Buy Now?

Micron Technology (NASDAQ: MU) posted a messy earnings report on Sept. 29. For the fourth quarter of fiscal 2022, which ended on Sept. 1, the memory chipmaker's revenue fell 20% year-over-year to $6.64 billion, missing analysts' estimates by $140 million and ending its nine-quarter streak of revenue growth. For the first quarter of fiscal 2023, Micron expects its revenue and adjusted EPS to tumble about 45% and 98% year-over-year, respectively.