Here's Why Micron Stock Fell 12% This Week
Micron Technology (NASDAQ: MU) shareholders have had a pretty rough week. Shares of the memory processor company have stumbled amid concerns that new technology from 's Google could lower demand for advanced memory processors.
Those fears came as Micron investors were already concerned about the company's rising capital expenditures and the market's general pessimism stemming from the U.S.'s war with Iran. Micron's stock is down 12% in the week to Thursday, 3:07 p.m. ET.
Image source: Getty Images.
Source Fool.com
Micron Technology Inc. Aktie
764,90 €
-1,67 %
Die Micron Technology Inc. Aktie steht gut da: Deutlich mehr Buy- als Sell-Einschätzungen in der Community.
Eine erhebliche Steigerung um mehr als 50% ist für Micron Technology Inc. mit einem Kursziel von 1297 € im Vergleich zum aktuellen Kurs von 764.9 € zu erwarten.
