Micron shares fell 13% in after-hours trading on Wednesday after the company issued weak second-quarter guidance, despite beating earnings expectations for the latest period. The company projected lower revenue and earnings per share for the second quarter than analysts had expected. Micron's shares have risen over 20% year-to-date, trailing the Nasdaq's gain. CEO Sanjay Mehrotra highlighted data centers and AI ventures with Nvidia’s processors as growth areas while noting weaker consumer markets in the near term.