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Micron just released an objectively horrible earnings report. Why is the stock not falling?

MarketWatch First Take Published: March 28, 2023 at 9:16 p.m. ET 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. reported the largest quarterly loss in its history Tuesday. Getty Images/iStock Micron Technology Inc. just
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micron-just-released-an-objectively-horrible-earnings-report.-why-is-the-stock-not-falling?

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. reported the largest quarterly loss in its history Tuesday.

Getty Images/iStock

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?

The…

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