Micron Technology (MU) shares slide lower this morning after investors express disappointment on the extent of its fourth-quarter earnings beat. Fox Advisors Founder and CEO Steven Fox breaks down the pain points in Micron's bottom line and declining revenue across segments. "We have been cutting numbers for the better part of the year... we finally got to the point where we are not cutting numbers anymore," Fox states. "The bad news is... the sell-side in general and the consensus is thinking too optimistically about the type of rebound Micron is going to have from these levels." Fox also comments on the tech stock winners pivoting harder into AI. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
A couple of companies that stand to benefit from artificial intelligence are still seeing their share prices fall.
Investing.com -- The S&P 500 jumped Thursday, led by big tech as Treasury yields took a breather ahead of speech from Federal Reserve Jerome Powell and key inflation data slated for Friday.