MU's strong earnings (data center revenue up 11x) failed to lift the stock because expectations were already priced in following a recent rally.

We begin the new quarter, of course, with a strong "Micron" report . I have achieved amazing results. But the stock fell by 3%. I don't know what the expectations are regarding today's reaction.

All memory companies are experiencing a decline, which is interesting because it contradicts the wave of relief we have seen in Asia, where some South Korean companies have actually seen an upswing. look, Micron's results were $54 billion in revenue and $ 33.42 in earnings per share.

Data center revenues have increased elevenfold . In addition, the results exceeded the guidance expectations.

I think the only point that might worry investors is the decline in total margins to 86.25% from 87%, but other than that, I think these are very excellent results .

What this tells me is that the stock has become somewhat idealized. We have seen a very good rise in this stock over the past two months. Returning to the low we saw in late July at the seven hundred levels.

Therefore, seeing the stock rise this much and then fall back a little after the results is to be expected.

If you look at the options market before the earnings announcement, the prices of "straddle" - which are, in short, buy and sell contracts at the market price - were pricing in a move of about 7.5%. So, we are exactly within this range.

You really wonder when you have results like these and the stock doesn't get that extra push upwards. This clearly indicates that many of these things were already priced in, and we will have to wait and see if the stock consolidates its gains over the next couple of days.