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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.

    • ???????????????????????????????????? ???????????????????????????????????????? +????????????????????????????????????????????

      December 24, 2022 at 3:19 pm

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

    • Benjamin Cowen +????????????????????????????????????????????

      December 24, 2022 at 3:19 pm

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

    • XRP LAB +????????????????????????????????????????????

      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..

    • ???????????????????????????????????? ???????????????????????????????????????? +????????????????????????????????????????????

      December 24, 2022 at 3:19 pm

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

    • Benjamin Cowen +????????????????????????????????????????????

      December 24, 2022 at 3:19 pm

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

    • XRP LAB +????????????????????????????????????????????

      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.

    • ???????????????????????????? ???????? +????????????????????????????????????????????

      December 24, 2022 at 7:27 am

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

    • ???????????????????????????? ???????? +????????????????????????????????????????????

      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

    Yo sup U.S Technologies homies you always gonna need computer components everywhere to communicate, command and control to preform specific tasks and duties that needs to be done. Well the main problem is rare earth made computer components which has a very high cost to obtain and manufacture homie but there could be a possible lower cheaper but higher quality manufacturing and supply solution yo. There’s a new way although will need more investment into research and development future workforce saver plan between your company and present government administration at a set rate where a future workforce employee can invest under their company’s brand and logo. Well once all employee’s a.i accelerated higher learning augmented reality education and m.m.a calisthenics parkour freerunning motivational future workforce bootcamps student debt has been paid off. With a small percent of your wage or salary where both your company who you work for and present government administration would match can then switch to a minimum investment target of $50,000 U.S homie. And now a future workforce employee investor has access for updates on research and development technologies that you have invested in such as clean, sustainable renewable energy research in nuclear fusion the main independent power regeneration capability. But there are others from solar satellite powered beam technologies and geothermal technologies to power crypto currency quantum real time calculations platforms from planet mars to earth or interstellar artificial gravity space stations powered by nuclear fusion. And guess what they are all need rare earth, mars, interstellar space materials computer components yup. To keep such platforms well sustained, maintained and functioning for optimum performance yo so must find new ways to manufacture tetrataenite, a possible replacement for rare earth magnets Lord forever and ever God Amen Yo????????????????????????????????????️‍????????️‍⚧️????????????????‍????‍????????????????????????‍????????‍????????‍????????????????‍????‍????????‍????‍????????‍????‍????‍????????‍????‍????‍????????‍????‍????‍????????‍????????‍????‍????????‍????????‍????‍????????‍????‍????????‍????????‍????‍????????‍????????‍????‍????????‍????‍????✝️☮????????☸⚛☪️????✡☦☯️????⚖⚔☝????????????????????????????⚓⛑✌????????????‍????????‍????????????‍⚕️????‍⚕️????????‍♂️????‍♀️????????‍????????‍????????????‍♂️????‍♀️????????‍????????‍????????????‍????????‍????✈????‍????????‍????????????‍????????‍????????????‍????????‍????????????????????????????????????????????✨????????⚖⚔☝????????????????????????⚓⛑????????????????????✊????.

    • Gangster 2068AD

      December 25, 2022 at 12:23 am

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