Micron’s Selloff Highlights Risk of Sky-High AI Expectations
- Industry’s spectacular growth has been hard to properly gauge
- Elevated expectations have made AI firms like Nvidia volatile
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Micron Technology Inc.’s post-results selloff sent a fresh reminder to global investors about the risks inherent in bets on artificial intelligence chipmakers.
Days after leading AI chipmaker Nvidia Corp. slumped by nearly half a trillion dollars, Micron shares fell about 8% in extended trading after the memory maker offered a forecast that fell short of the highest estimates.