Shares of Micron Technology (NASDAQ: MU) took a hit on Thursday, dropping as much as 7.9% following the release of its quarterly financial report. Despite an impressive 82% increase in revenue and a significant jump in adjusted earnings per share, the stock remained down 5.9% by mid-afternoon. The company attributed the decline to high investor expectations for continued growth in artificial intelligence (AI) demand, which did not materialize as quickly as anticipated. Micron's conservative guidance for the upcoming quarter, while still showing impressive growth, failed to exceed Wall Street's expectations. Investors, who had high hopes for further gains, were disappointed by the news, leading to the stock's decline. However, with the AI market showing promising growth in the long term, investors should focus on the bigger picture rather than short-term fluctuations in stock price.