Stock Market Today, March 19: Micron Falls Despite Record Revenue Amid Margin and Capex Concerns

Micron closed at $444.27, down 3.78% on Thursday despite reporting record Q2 results and providing robust Q3 guidance. Shares fell as investors worried margins may have peaked and that heavy capital expenditures will weigh on future profitability and cash flow.

Analysis

Micron closed at $444.27, down 3.78% on Thursday despite reporting record Q2 results and providing robust Q3 guidance. Shares fell as investors worried margins may have peaked and that heavy capital expenditures will weigh on future profitability and cash flow.