After the bell on Wednesday, Micron Technology (MU), a maker of memory chips for the AI server market, posted results. The firm posted a revenue increase of 11-fold.
Micron earned $33.42 (adjusted) on revenue of $54.23 billion. Operating cash flow jumped from $17.53 billion last year to $89.68 billion. It is forecasting a Q1/2027 gross margin of 85.95% and a diluted EPS of $37.84.
To attract more buyers, Micron might consider splitting its shares.
AppLovin (APP), a mobile advertising platform, continued to struggle. The stock fell below the $300 support level it had held since August. APP stock closed at $290.43. In mid-September, Citi reported that the firm saw the fastest growth in five months. That rally faded.
Shares of Moderna (MRNA) pulled back from over $200. Citi downgraded MRNA stock to a sell. Analysts wrote that the valuation is not justifiable. Even though intismeran might become a leading therapy in melanoma, the stock is priced for those prospects.
Watch Jabil (JBL) after the stock fell by 10.03% on Wednesday. The firm posted Q4 revenue and earnings that exceeded expectations. The firm said that demand for AI infrastructure is still strong and continues to accelerate.
For Q1, Jabil expects strong growth from regulated industries and the intelligent infrastructure unit.
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