Micron Technology(MU) Prnewswire·2024-12-27 21:10Company Overview - Pomerantz LLP is a leading law firm specializing in corporate, securities, and antitrust class litigation, with a history of recovering multimillion-dollar damages for victims of securities fraud and corporate misconduct [2] Micron Technology Investigation - Pomerantz LLP is investigating claims of securities fraud or unlawful business practices by Micron and certain of its officers and/or directors [3] - Investors of Micron Technology are advised to contact Danielle Peyton at Pomerantz LLP for further information [5] Market Reaction - Micron's stock price fell 87 09 per share on December 19, 2024, following the news [4] Financial Performance and Guidance - Micron announced disappointing financial results for Q1 FY2025 and issued weak guidance for Q2 FY2025 on December 18, 2024 [6] - Analysts, including UBS and Bank of America, commented on the reduced guidance and lowered price targets for Micron stock due to weakness in the consumer chips business [6] - Micron's revenue from AI memory chips is insufficient to offset the downward pressure from weak demand for chips used in personal computers and smartphones [6]