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Micron’s Earnings Signal for the Wider Economy

Micron Technology gave a lackluster revenue outlook for the current period, indicating the slump in demand for computer components will drag on, and said it will reduce its workforce by about 10% over the next year. Bloomberg Intelligence’s Paula Penkal breaks down the numbers on “Bloomberg Markets: The Close.” Like this video? Subscribe to Bloomberg Technology…

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Micron Technology gave a lackluster revenue outlook for the current period, indicating the slump in demand for computer components will drag on, and said it will reduce its workforce by about 10% over the next year. Bloomberg Intelligence’s Paula Penkal breaks down the numbers on “Bloomberg Markets: The Close.”

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16 Comments

16 Comments

  1. Vic W

    December 21, 2022 at 10:04 pm

    Micron is done. It’s the victim of US semiconductor policy

    • Ayman Raouf

      December 22, 2022 at 2:57 am

      What makes you say that? I thought the US is financing all the semiconductor chips with their bill?

  2. Lil Broomstick

    December 21, 2022 at 10:39 pm

    Outlets like this will tell you to buy a stock like this near its $90 high, and now it’s had its price chopped in half about, now everyone will tell you stay away. Sheep.

    • 𝗕𝗹𝗼𝗼𝗺𝗯𝗲𝗿𝗴 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 +𝟏𝟐𝟐𝟗𝟓𝟖𝟔𝟏𝟖𝟖𝟕

      December 24, 2022 at 3:19 pm

      🤝Tʜᴀɴᴋꜱ Fᴏʀ Wᴀᴛᴄʜɪɴɢ,
      Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ Wʜᴀᴛꜱᴀᴘᴘ Wɪᴛʜ Tʜᴇ
      Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ.📊.

    • Benjamin Cowen +𝟏𝟐𝟐𝟗𝟓𝟖𝟔𝟏𝟖𝟖𝟕

      December 24, 2022 at 3:19 pm

      🤝Tʜᴀɴᴋꜱ Fᴏʀ Wᴀᴛᴄʜɪɴɢ,
      Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ Wʜᴀᴛꜱᴀᴘᴘ Wɪᴛʜ Tʜᴇ
      Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ.📊.

    • XRP LAB +𝟏𝟐𝟐𝟗𝟓𝟖𝟔𝟏𝟖𝟖𝟕

      December 24, 2022 at 3:19 pm

      🤝Tʜᴀɴᴋꜱ Fᴏʀ Wᴀᴛᴄʜɪɴɢ,
      Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ Wʜᴀᴛꜱᴀᴘᴘ Wɪᴛʜ Tʜᴇ
      Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ.📊.

  3. Ip David

    December 21, 2022 at 11:06 pm

    chips are oversupply with less demand with commercial and consumer products…simple is that

  4. bluegtturbo

    December 22, 2022 at 11:05 am

    I’ve been warning people all year that micron is a value trap.
    The cash flow reduction compared with the same quarter last year… About 10 percent of last years figure!
    Cash flow is the lifeblood of a company, and micron burns through cash like there’s no tomorrow..

    • 𝗕𝗹𝗼𝗼𝗺𝗯𝗲𝗿𝗴 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 +𝟏𝟐𝟐𝟗𝟓𝟖𝟔𝟏𝟖𝟖𝟕

      December 24, 2022 at 3:19 pm

      🤝Tʜᴀɴᴋꜱ Fᴏʀ Wᴀᴛᴄʜɪɴɢ,
      Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ Wʜᴀᴛꜱᴀᴘᴘ Wɪᴛʜ Tʜᴇ
      Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ….📊

    • Benjamin Cowen +𝟏𝟐𝟐𝟗𝟓𝟖𝟔𝟏𝟖𝟖𝟕

      December 24, 2022 at 3:19 pm

      🤝Tʜᴀɴᴋꜱ Fᴏʀ Wᴀᴛᴄʜɪɴɢ,
      Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ Wʜᴀᴛꜱᴀᴘᴘ Wɪᴛʜ Tʜᴇ
      Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ….📊

    • XRP LAB +𝟏𝟐𝟐𝟗𝟓𝟖𝟔𝟏𝟖𝟖𝟕

      December 24, 2022 at 3:19 pm

      🤝Tʜᴀɴᴋꜱ Fᴏʀ Wᴀᴛᴄʜɪɴɢ,
      Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ Wʜᴀᴛꜱᴀᴘᴘ Wɪᴛʜ Tʜᴇ
      Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ….📊

  5. randomyoutubereader

    December 22, 2022 at 11:41 am

    tech bubble finally burst due to the supply and demand mismatch.
    Joe Biden can grab his 52 billion plans on onshoring of semiconductor and die with it. cos Chips and tech industry are fucked .
    face the reality, flying cars, meta verse, AI whatever bullshit ain’t coming true.

    • 𝗞𝗼𝗿𝗼𝘂𝘀𝗵 𝗔𝗞 +𝟏𝟐𝟐𝟗𝟓𝟖𝟔𝟏𝟖𝟖𝟕

      December 24, 2022 at 7:27 am

      🤝Tʜᴀɴᴋꜱ Fᴏʀ Wᴀᴛᴄʜɪɴɢ,
      Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ Wʜᴀᴛꜱᴀᴘᴘ Wɪᴛʜ Tʜᴇ
      Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ.📊

    • 𝗞𝗼𝗿𝗼𝘂𝘀𝗵 𝗔𝗞 +𝟏𝟐𝟐𝟗𝟓𝟖𝟔𝟏𝟖𝟖𝟕

      December 24, 2022 at 7:27 am

      Tʜᴀɴᴋꜱ Fᴏʀ Wᴀᴛᴄʜɪɴɢ…Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ Wʜᴀᴛꜱᴀᴘᴘ Wɪᴛʜ Tʜᴇ
      Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ.✍️✍️

  6. Gangster 2068AD

    December 24, 2022 at 9:45 pm

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    • Gangster 2068AD

      December 25, 2022 at 12:23 am

      Yo don’t forget about artificial birth womb technologies excellent for expecting parents who can not have children naturally God given. Who are good, loving, caring and professional educated lawbiding parents I know good parents from bad. I was born in Gangland homie and only Martial Arts saved my life Lord forever and ever God Amen Yo💙💯☝💪🥊🦁🪖✊😎.

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