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3 Reasons to Buy Micron While Everyone Else Is Selling

·5 min read
3 Reasons to Buy Micron While Everyone Else Is Selling
In this article:
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Micron Technology (NASDAQ: MU) held its fiscal third-quarter earnings call last week, with earnings per share (EPS) coming in ahead of expectations. Micron has been outperforming from an operating standpoint this year, but its stock has nevertheless declined 42%. Unfortunately, the earnings call confirmed what investors had been fearing; demand has slowed considerably, especially in phones and PCs, which make up about half of Micron's revenue.