Micron Fiscal Q1: Short-Term Pain For Long-Term Gain


  • Micron Technology, Inc. reported fiscal Q1 2023 earnings and announced cost-cutting measures.
  • Macroeconomic trends are still a drag.
  • Investors should weather the storm for brighter days.

CPU and Computer chip concept


Chipmaker Micron Technology, Inc. (NASDAQ:MU) has been under pressure from an “unprecedented” market downturn this year. Although the valuation metrics are starting to look good for Micron, I believe the stock can still see further downside. Despite that, I think that the long-term

Stats PC

PC Unit Shipments (Statista)

Stock Data

P/S Ratio Micron (Macro Trends)

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

My Global Markets Playbook Marketplace service can save investors from the common investment mistakes that are driven by psychology. My technical analysis, proprietary timing model, and sentiment studies can help you time the markets better and hang onto valuable capital. Sign up now for a 14-day free trial to the service and join us in 2023.

Leave a Reply

Your email address will not be published. Required fields are marked *