Micron (MU) Betting Big On AI After Earnings Miss

<p>Micron (MU) earnings were released yesterday, March 28th. Alex Coffey and Jenny Horne discuss MU as shares rise despite an earnings miss. MU's EPS came in at -$1.91 and revenue came in at $3.69B. They talk about how MU is betting big on AI, and plan to increase layoffs to 15% of headcount. Alex then demonstrates an example trade using MU. The trade type is buy a call calendar and the direction is bullish. Tune in to find out more about the stock market today.</p><p><br></p>