Micron Technology, Inc. (NASDAQ:MU) is one of the stocks that bleed heavily.
Micron Technology declined by 4.75 percent on Monday to close at $118.61 apiece as investors unloaded positions amid the lack of fresh catalysts to boost investing appetite.
On July 22, shareholders of Micron Technology, Inc. (NASDAQ:MU) as of July 7 record will expect to receive $0.115 per share of quarterly dividends, after the company posted a robust earnings performance during the last reported period.
In the third quarter of fiscal year 2025, Micron Technology, Inc. (NASDAQ:MU) expanded its net income by 468 percent to $1.885 billion from $332 million in the same period last year.
Revenues increased by 36.5 percent to $9.3 billion from $6.8 billion year-on-year.
A close-up view of a computer motherboard with integrated semiconductor chips.
“We are on track to deliver record revenue with solid profitability and free cash flow in fiscal 2025, while we make disciplined investments to build on our technology leadership and manufacturing excellence to satisfy growing AI-driven memory demand,” said Chairman, President, and CEO Sanjay Mehrotra.
While we acknowledge the potential of MU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
