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Micron reports Q2 revenue down 53% YoY to $3.69B, vs. $3.71B est., and a $2.31B record net loss after a $1.43B write-down, as executives hint at a market bottom

Jeremy C. Owens / MarketWatch :

MarketWatch Jeremy C. Owens

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  • @jowens510 Jeremy C. Owens on x
    You aren't going to see many worse earnings reports than the one Micron just released. - Worst quarterly loss on record - First negative gross margin since 2008 - Worst gross margin since dot-com bust. Yet $MU is up on hopes that this is the bottom. https://www.marketwatch.com/ .…