Yahoo Finance's Daniel Howley joins the Live show to discuss Micron's chip facility expansion.
There is no way to put a positive spin on Micron Technology's (NASDAQ: MU) latest quarterly results, as the memory specialist put up disastrous numbers for the fourth quarter of fiscal 2022 (the three months ended Sept. 1) on Sept. 29. The oversupply in the memory market sent Micron's top and bottom lines crashing. Let's take a closer look at Micron's latest numbers and see why this is a tech stock that investors may want to stay away from right now.
Micron (MU) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.