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Micron Forecast Fails to Satisfy Investors After AI-Fueled Rally

The Micron Technology offices in San Jose, California. Micron Technology Inc. shares fell after a generally upbeat forecast from the memory-chip maker failed to impress investors, underscoring Wall Street’s lofty expectations following an extraordinary rally this year. Most Read from Bloomberg Fiscal first-quarter revenue will be roughly 12.5billion,thecompanysaidinastatementTuesday.Thoughanalystshadestimated12.5 billion, the company said in a statement Tuesday. Though analysts had estimated 11.9 billion on average, some were predicting a number as high as $13 billion. Exc ...