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MU Jun 2024 190.000 call
| Previous close | 0.2500 |
| Open | 0.0100 |
| Bid | 0.0000 |
| Ask | 0.0100 |
| Strike | 190.00 |
| Expiry date | 2024-06-28 |
| Day's range | 0.0100 - 0.0500 |
| Contract range | N/A |
| Volume | |
| Open interest | 3.57k |
- Yahoo Finance Video
Is AI in a bubble similar to the 1990s telecom bust?
Micron Technology's (MU) post-earnings decline and Nvidia's (NVDA) shaky sell-off have not been a vote of confidence for the AI landscape to investors this week. Is this the first sign of an AI bubble materializing? To help answer these questions and more, Lead Edge Capital Founder Mitchell Green comes onto Yahoo Finance's Catalysts to talk about the long-term vision of the artificial intelligence trade. "If you believe that the hyperscalers are who are going to spend giants amount of money, I should say hyperscalers and the Singaporean government and the Middle Eastern governments are going to spend more money next year on this stuff. Then it's probably a long. If you think that this CapEx could be some sort of slight bubble, it's probably a short. What we think is it's very real, but this stuff is going to take a lot longer to play out than people think." Green states it could be some of the AI "incumbents" that actually come out on top at the end of the long-term adoption timeline. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Micron's 'stumbling block' could be its Q4 revenue guidance
Micron Technology's (MU) fiscal third-quarter earnings results topped estimates, reporting adjusted earnings of $0.62 per share (expected $0.50 per share) and $6.81 billion in revenue (expected $6.67 billion) after the market close on Wednesday. While closing just a pinch higher in Wednesday's regular trading hours, Micron shares are dropping in after-hours trading. Synovus Trust Senior Portfolio Manager Dan Morgan comes onto Market Domination Overtime to comment on the chip company's guidance while it's now being considered a top AI play. Micron's stock has currently swung higher by over 72% in 2024 year-to-date. "It looks like the stumbling block right now.... was that revenue number $7.6 billion plus-or-minus $200,000, that's exactly what the Street was looking for," Morgan tells Yahoo Finance. "I was looking over kind of what the expectations were, and the motto really seemed to be 'beat on the third quarter and raise on the fourth quarter.' And the fact that they didn't raise that revenue number and they came in line, I think that... is why we're seeing the stock sell off a little bit." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Micron Q3 earnings top Wall Street estimates
Micron Technology (MU) reported third quarter results that topped Wall Street estimates on both the top and bottom lines. The chip company reported adjusted earnings per share of $0.62 versus the estimate of $0.50. Adjusted revenue of $6.81 billion topped the estimated $6.67 billion. For the fourth quarter, Micron expects to report adjusted earnings per share in a range of $1.00-$1.16. The Street was expecting $1.02. The company sees adjusted revenue in a range of $7.4 billion-$7.8 billion. Analysts had been expecting $7.58 billion. Yahoo Finance's Josh Lipton and Julie Hyman break down the report. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.
