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Micron falls 3% after blowout earnings. CEO says it can supply only a fraction of key customer needs [MSNBC.com]
Last nvidia corporation earnings: 2/13 04:20 pm
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In this articlewatch nowVIDEO4:0404:04Micron CEO Sanjay Mehrotra: Memory chip supply is tight, we can’t deliver enough to customersSquawk on the StreetMicron Technology"We are only able to supply, for our key customers in the midterm, about 50% to two-thirds of their requirements," Mehrotra told CNBC's "ThechipmakerearningsMicron nearly tripled revenue in the latest quarter as results sailed pastanalystsMicron stock is up more than 350% in the past year thanks to a memory supply shortage driven by surging demand for Nvidia's chips."Micron is the invisible layer powering today, and that's reflecting in our strong performance and strong outlook as well," Mehrotra said Thursday.Citi analysts put the stock's premarket move down to "some profit taking after a strong run" and maintained a buy rating on the stock."We believe the big investor debate on the stock is if the stock will continue to rise with rising DRAM prices, like during the Windows PC DRAM cycle in the 1990s," they wrote.Rea
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