The Tide Turns on the Memory Gold Rush as Micron's Guidance Forecasts Dark Clouds in 2019
Micron reported strong fiscal fourth-quarter results driven by favorable industry fundamentals. However, a bevy of warning signs illuminate short-term headwinds that we expect to decelerate its recent torrid growth streak and gaudy margin expansion. Management cited customer-specific inventory adjustments, the recently announced $200 billion in tariffs on imports from China, and CPU shortages as notable detriments to first-quarter guidance. Shares fell about 7% during afterhours trading and are ...Micron Technology provides memory and storage solutions. The company's portfolio of memory and storage technologies include Dynamic Random Access Memory, Not And, 3D XPoint? memory, and Not Or. The company's segments are: Compute and Networking Business, which includes memory products sold into client, cloud server, enterprise, graphics, and networking markets; Mobile Business, which includes memory products sold into smartphone and other mobile-device markets; Storage Business, which includes Solid-State Drives and component-level solutions sold into enterprise and cloud, client, and consumer storage markets; and Embedded Business, which includes memory and storage products.
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