What Is the Jevons Paradox and What Does It Mean for Micron and Sandisk Investors After Google's Revolutionary AI Breakthrough?
View original at nasdaq.comWhat Is the Jevons Paradox and What Does It Mean for Micron and Sandisk Investors After Google's Revolutionary AI Breakthrough? Key Points Google's memory-compression algorithm caused Micron and Sandisk stocks to plunge…
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Q3 revenue forecast of $33.5 billion, representing growth of 260% year over year and 40% quarter over quarter
60% confidenceGross margin expected to reach 65.9% at midpoint, nearly triple last year's 22.5%
60% confidenceMore efficient use of resources reduces their costs, ultimately increasing demand for them
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60% confidenceAdjusted diluted earnings per share expected to reach roughly $19.15, a 10-fold increase
60% confidenceGross margin expected to increase by 660 basis points, from 74.4% to about 81%
60% confidenceReiterated outperform (buy) ratings on both Micron and Sandisk
60% confidenceQ3 revenue forecast of $4.6 billion at midpoint of guidance, representing 171% growth
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60% confidence