Micron Stock Down 14% in December 2024: Should You Buy the Dip?

Micron Technology, Inc. (MU) faced a challenging close to 2024, with shares plunging 14.1% in December 2024 alone. The recent sell-off stems from its second-quarter fiscal 2025 guidance falling short of Wall Street expectations.Image Source: Zacks Investment ResearchMicron projected revenues of $7.9 billion (+/-$200 million) and EPS of $1.23 (+/- 10 cents), both significantly below analyst estimates of$8.96 billion and $1.95, respectively. This guidance disappointed investors, overshadowing the company’s ...