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Micron's stock dropped despite strong earnings, raising concerns over tariffs and geopolitical tensions.
Micron Technology's stock fell significantly on Thursday, opening at $72.50 after closing at $77.87 the previous day.
Despite the drop, the company reported strong earnings with an EPS of $1.56, exceeding estimates.
The company's revenue rose by 38.2% year-over-year, and it has a "Moderate Buy" rating with a target price of $129.76.
However, concerns over tariffs and geopolitical tensions have impacted investor sentiment.
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Las acciones de Micron cayeron a pesar de los fuertes ingresos, lo que suscitó preocupación por los aranceles y las tensiones geopolíticas.