Analyst: Micron's performance boosts overall market sentiment in the technology sector
BlockBeats news, on June 25, Chris Strazzeri, Financial Trading Manager at Moomoo Australia and New Zealand branch, stated: "Targeted sell-offs indicate that investors are exercising strict valuation discipline after a sustained and strong rally in AI-related and speculative growth stocks. This warns the market that actual earnings must now be raised to support the currently overestimated P/E ratios. The after-hours results released by Micron Technology basically prove this point, and its strong performance has boosted the overall market sentiment in the technology sector."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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