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After hours plummeted by nearly 8%! Micron delivered a "above average" financial report and expects HBM to rise in price. While global investors are paying attention to Nvidia's shareholder meeting, Micron Technology, the largest storage chip manufacturer in the United States, also released its third quarter financial report after hours on Wednesday. Although Micron Technology's performance in the third quarter and guidance in the fourth quarter were better than expected, against the backdrop of Micron's stock price soaring by over 67% this year, the market expects Micron to deliver an "extremely excellent" financial report and guidance. Therefore, even if Micron delivers such a "above average" transcript, it still cannot meet the expectations of investors. This also caused the company's stock price to plummet by nearly 8% after market hours.
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