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Micron stock: why 85% margins aren’t enough to stop the sell-off

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Micron Technology’s profits are starting to resemble those of a dominant software company, but its stock is still trading like investors expect the memory cycle to peak. The chipmaker posted a non-GAAP gross margin of 84.9% in fiscal Q3, up…

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Micron stock: why 85% margins aren’t enough to stop the sell-off
Invezz 1h ago

Micron stock: why 85% margins aren’t enough to stop the sell-off

Micron Technology’s profits are starting to resemble those of a dominant software company, but its stock is still trading like investors expect the memory cycle to peak. The chipmaker posted a non-GAAP gross margin of 84.9% in fiscal Q3, up…