While Micron Technology projected a year-over-year decline in revenue of over 50% for the upcoming quarter, it did offer optimistic long-term perspectives on several semiconductor sectors.
Micron Technology (MU 3.06%) offered some hope to semiconductor investors by suggesting that the bottom of inventory correction for various semiconductor industries has passed or will pass within the next few months. Check out the short video to learn more, consider subscribing, and click the special offer link below.
*Stock prices used were the market prices of March 29, 2023. The video was published on March 29, 2023.
Jose Najarro has positions in Advanced Micro Devices, Nvidia, and Qualcomm. The Motley Fool has positions in and recommends Advanced Micro Devices, Intel, Nvidia, and Qualcomm. The Motley Fool recommends the following options: long January 2023 $57.50 calls on Intel and long January 2025 $45 calls on Intel. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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