Micron Closes Out Fiscal 2019 Ahead of Naysayers' Expectations

Investor optimism has been riding high that a rebound in memory and other adjacent semiconductor demand is close at hand. One of the biggest names in chip making, Micron Technology (NASDAQ: MU), just reported its 2019 fourth quarter 2019 (the three months ended August 29, 2019), showing that the slump is still here -- but it could be bottoming. That jives with what other chip makers like Broadcom (NASDAQ: AVGO) have said recently.

Rebound or not, though, this particular industry downturn has been much better for Micron than in the past. Things could take a turn for the worse, but it might be time to start thinking a little differently about the digital memory manufacturer.

Image source: Getty Images.

Source Fool.com