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Why Micron (MU) Stock Is Down Today [Yahoo! Finance]
Last nvidia corporation earnings: 2/13 04:20 pm
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
results that were overshadowed by a "sell the news" reaction, an analyst downgrade, and concerns about rising future costs. Micron posted revenue of nearly $23.9 billion, almost triple the figure from the year-ago quarter, while earnings per share crushed expectations. However, the stock had already rallied 335% over the previous year, suggesting investors had already factored in the good news. The sell-off was fueled by several concerns. The company raised its capital spending forecast for fiscal 2026 to over $25 billion, sparking fears about future expenses. Adding to the pressure, Summit Insights downgraded the stock to Hold from Buy, expecting its outperformance to slow down. Broader market unease also played a role, as reports of an attack on Qatar's LNG infrastructure created worries about potential disruptions to Asian manufacturing, which relies on these imports. The shares closed the day at $444.19, down 4% from previous close. The stock market overreacts to news, and
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