Why Micron Stock Just Dropped Again
Micron Technology (NASDAQ: MU) stock fell 9% as of 2:40 p.m. ET on Tuesday. The S 500 was up 0.3% while the Nasdaq Composite slipped 0.1%.
Micron, the memory chipmaker, is caught up in a multi-day chip-sector sell-off. Two main factors are driving it: new worries that a Chinese competitor will push memory prices down, and a broader loss of confidence in AI spending.
A sell-off in Asia and Europe reached U.S. markets today, with memory and storage stocks taking the worst of it.
Source Fool.com
Micron Technology Inc. Aktie
714,50 €
-5,86 %
Die Community bevorzugt Micron Technology Inc., mit deutlich mehr Buy- (159) als Sell-Einschätzungen (1).
Bei einem Kursziel von 1294 € für Micron Technology Inc. deutet sich eine Steigerung von über 50% vom aktuellen Kurs von 714.5 € an.
