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Investing.com -- Micron Technology (NASDAQ:MU) shares declined 1% pre-open Wednesday after the company’s executives participated in the 53rd Annual J.P. Morgan Global Technology, Media and Communications Conference in Boston, Massachusetts. During the event, Micron did not update their guidance, which led to some investor disappointment.
The lack of an update seems to have caused concern among investors who may have been expecting an improved forecast. This has contributed to the slight downturn in Micron’s stock in pre-market trading.
Micron, known for its semiconductor devices, has not provided further details on its financial expectations. The unchanged guidance at a high-profile conference suggests that the company is maintaining a cautious stance about its near-term financial performance. This conservative approach could be a reflection of the current market conditions affecting the semiconductor industry, which has faced challenges due to supply chain disruptions and fluctuating demand.
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