Micron tops, shares fall
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 19 March 2026
⏱️ 6 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:07.6 | Good morning. Today is Thursday, March 19th. I'm Julie Morgan. Micron Technology is down 5.2% in |
| 0:17.2 | pre-market action. Even after reporting fiscal second quarter results and guidance that |
| 0:23.0 | topped Wall Street's estimates by a wide margin. Shares have jumped more than 46% year-to-date and more |
| 0:30.0 | than 350% over the past year. For the period ending February 26th, Micron said it earned an adjusted $12.20 per share as revenue |
| 0:41.2 | soared 196.4% year over year. Analysts had expected the company to earn an adjusted $8.66 |
| 0:49.4 | per share on $19.74 billion in revenue. Looking ahead to the second quarter, Micron said it |
| 0:56.8 | expects to earn between 1875 and 1955 per share on an adjusted basis, while revenue is expected |
| 1:04.7 | to be between $32.75 billion and $34.25 billion. analysts had expected the company to earn and adjusted $11.29 per share on |
| 1:15.6 | $23.66 billion in revenue. Seeking Alpha analyst Julia Ostian said the magnitude of the guidance |
| 1:23.3 | compared to the estimates is practically unheard of. She goes on to say the shortage isn't getting |
| 1:29.0 | better. In fact, companies believe it could continue through 2030, even though just a few months ago, |
| 1:35.4 | 2027 looked like a more realistic time frame for an improvement. Shares of AI drone software |
| 1:42.8 | company Swarmer have jumped 1,000% in just two days, marking the strongest U.S. stock debut in nearly a year. |
| 1:51.1 | The two-day rally reflects rising investor interests in defense and autonomous low-cost weapon systems. |
| 1:57.6 | Shares closed up 77% to $55 on Wednesday after closing up 520% on Tuesday. |
| 2:06.2 | Steve Sosnik, the chief strategist at Interactive Brokers, told Bloomberg that you're pretty much |
| 2:11.6 | hitting some of the most important buzzwords in the market right now. He goes on to say that |
| 2:16.6 | anything with artificial intelligence clearly |
| 2:19.0 | gets people's attention. And as we are literally engaged in drone warfare, drone defense companies |
| 2:25.5 | are clearly another exciting field. The rally brings the company's market value to nearly $680 million |
| 2:32.2 | after its initial public offering. Swarmer does not manufacture |
... |
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