Name: Micron (MU) Betting Big On AI After Earnings Miss
Uploaded: 2023-03-29T19:09:22.716
Duration: 5 min 34 s

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Micron (MU) earnings were released yesterday, March 28th. Alex Coffey and Jenny Horne discuss MU as shares rise despite an earnings miss. MU's EPS came in at -$1.91 and revenue came in at $3.69B. They talk about how MU is betting big on AI, and plan to increase layoffs to 15% of headcount. Alex then demonstrates an example trade using MU. The trade type is buy a call calendar and the direction is bullish. Tune in to find out more about the stock market today.

Micron (MU) Betting Big On AI After Earnings Miss

Expert commentary about top moving stocks, sectors, and commodities, along with CEO and analyst interviews.