Micron Posts Loss and Declining Revenue Amid Industry Downturn But Forecasts Partial Recovery

Micron reported a net loss of $1.43 billion and a 40% revenue decline in its fiscal Q4 results.
The company expects continued losses in Q1 but forecasts higher revenue of $4.2B-$4.6B.
Micron's outlook reflects ongoing weakness in consumer tech markets like PCs and smartphones.
New AI-focused memory chips are expected to boost Micron's revenue starting in early 2024.
CEO expresses optimism for market recovery and record industry revenue in 2025.