Micron Shares Slide 6.9% Entering Bear Market at Cheapest S&P 500 Valuation
Micron’s shares have slumped over 20% from 52-week highs, sliding 6.9% after downgrades and now trade at the lowest valuation in the S&P 500. The company reported nearly $24 billion in revenue—a threefold increase—and forecasts 81% gross margins next quarter with at least $25 billion in capex.
1. Stock Performance and Valuation
Micron’s shares have fallen more than 20% from their 52-week high, closing down 6.9% on the latest trading session after multiple analyst downgrades citing AI memory demand and compression-technology worries. The stock now trades at the lowest price-to-book valuation in the S&P 500.
2. Quarterly Results and Revenue Growth
In its most recent quarter, Micron reported nearly $24 billion in revenue, representing a threefold increase year over year and exceeding consensus estimates.
3. Guidance on Margins and Capital Expenditure
The company forecasts about 81% gross margins in the upcoming quarter and plans to invest at least $25 billion in capital expenditures, signaling continued investment in memory capacity expansion.