Micron reports Q1 revenue up 84% YoY to $8.71B, in line with est., Q2 revenue forecast below est. due to sluggish phone and PC demand; MU drops 13%+ after hours (Ian King/Bloomberg)

Ian King / Bloomberg:
Micron reports Q1 revenue up 84% YoY to $8.71B, in line with est., Q2 revenue forecast below est. due to sluggish phone and PC demand; MU drops 13%+ after hours  —  – Strong AI growth isn’t offsetting a slowdown elsewhere  — Micron CEO cites weakness in consumer-oriented markets