MarketWatch First Take
After the biggest loss in the memory-chip company’s history and its worst gross margin since the dot-com bust, investors are betting that Micron has hit bottom
Micron Technology Inc. just reported its worst quarter in history, revealing more than $2 billion in losses in three months and its worst gross margin since the dot-com bust.
Yet when the extended trading session ended Tuesday, Micron MU shares were up 1.2%.
So what the heck just happened?