Why Micron stock dropped sharply after earnings beat

Investors expected a lot from memory chip manufacturer Micron Technology (MU). They got plenty, but not enough it seems. Pre-market data has the stock down nearly 7%, so what’s caused the kerfuffle? The short answer is cash, spending it, lots of it. Micron unveiled plans to invest more than $25 billion in new manufacturing capacity … Continue reading Why Micron stock dropped sharply after earnings beat