Micron Technology Accounts for Half of S&P 500 Earnings Revisions Since Iran War Started
Micron Technology (MU) has driven half of the S&P 500 earnings revisions since the start of the Iran war, according to Goldman Sachs. The company, along with Korean memory-chip rivals, has benefited from increased demand for memory chips in AI services. This has contributed to a 5% decrease in the S&P 500's price-to-earnings multiple compared to January.
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Topics: AI Demand Earnings Revisions Market Trends Memory Chips Micron Technology S&P 500