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The backtest reveals that MU's stock tends to recover positively after missing earnings, showing increasing returns up to 8.66% over 30 days and a rising win rate from 50% to 66.67%. This delayed recovery suggests cautious initial reactions that improve over time. Industry-wide, the Semiconductors sector also displays resilience with a 4.91% max return 15 days post-miss. However, economic rationale warns that MU’s miss should pressure the sector bearishly, indicating mixed signals between sector fundamentals and broader market behavior. Investors might benefit from holding MU longer post-miss while remaining attentive to semiconductor sector risks.