Oh man, it is the morning after Micron earnings. Of course, it's got to be the top of the bottom. And the question now is what are people going to do with it?
Oh, Micron going green is so important. Oh, that's great. Micron going green is is uh very good. You did not want a giant red candlestick on this. It's still a little early, but first four minutes, that's good. I like to see that.
If you own any semiconductor stocks, such as AMD, Nvidia, Micron or any of those stocks, I have big news for you today and we will discuss where semiconductor stocks are headed from now on.
There is also Micron. Now, Micron, one of the largest stocks in the entire stock market, has released its earnings report in the last hour or two. And what we've seen from them is incredible and, frankly, almost unprecedented so far, okay ?
As we also know, MU just reported after hours and so far it's somewhat of a nothing burger. They have a conference call coming. We're going to cover that chart here in a little bit.
As we know, as I touched on, we've got Micron that reported after hours. That is a big stock in the stock market and one that has been extremely bullish this year. So, a lot of investors were wanting to at least potentially trim, make sure that they stay on the right side of the trade in case Micron does report and investors pull the rug.
So far, from what I've seen was before I started the show, that hasn't happened, but that still could be a situation.
Micron announced its results last night, and today they appeared in my checker, the AI-powered checker in my Cashflow IQ software.
and then I see Micron stock. "Micron" shows me what is called the equilibrium point. This is a strategy we call the equilibrium point because it is balanced. It is exactly at the execution price.
You get the greatest return at the execution price compared to whether you are outside or inside it.
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.
we have the results of Micron. It's down a little bit.
Stocks in focus for today are Micron Technology was 0.037% 037% higher in pre-market on Thursday after it posted fourth quarter revenue of $54.23 billion, beating analyst estimates of 50.75 billion and adjusted earnings of $3342 per share, beating estimates of $3145 per share.
If you look what happened with Micron yesterday, I think Micron's going to be interesting today. Micron's very tight. Okay, so at least it's tight.
And uh if you took an option play, chances are um you the dealers are going to win. You didn't have to. Now they're going to suckle the premium. People like, "Right dog, did you take options into MU?"
I'm like, "No, these option plays for earnings are just not working." Um but I will definitely be looking at it now.
Micron, the most popular memory stock. I would say, one of the most popular semiconductor stocks on the market right now, just released their earnings report. The stock price has remained fairly stable despite delivering exceptional earnings, great revenue, and incredible guidance.
Finally, I would like to point out that Micron announced its results after the market closed. From what I 've seen, the company has exceeded earnings and revenue expectations, but the stock is still down about $7 in after-hours trading, less than 1%, which is a slight decrease.
I recommend monitoring the 20-day moving average in case of any weakness. Let's see if it holds, because we recently saw a breakout in Micron's stock performance , and I hope this rise in the 20-day moving average continues .
Micron, if Micron's earnings report comes out after the market closes. I am here. I ca n't see it right now, but we'll discuss it tomorrow. That will be the most interesting thing when the income report comes out.
Um, if you want to or hold or keep an eye on it , whatever. So, I really like it.
the big move in the Nasdaq will be driven by Micron's earnings tonight after the close. In fact, the market has just closed. We will be watching Micron closely right here to see what it does .
I've opened the Micron chart and we'll open the sidebar to see if there's any crazy movement. Oh, it's dropped. This is not good. Not good.