Why Is Micron Stock Still Falling?
Micron (NASDAQ: MU) stock sold off for a second straight day Thursday -- and I have to say, the logic here seems weird.
Shares of the manufacturer of computer memory chips slipped 3.2% through 10:15 a.m. ET after Taiwan Semiconductor Manufacturing Company (NYSE: TSM) blew past analyst estimates in its Q2 earnings report, growing profits 77% year over year -- but warned investors will spend upwards of $60 billion on capital investment this year, versus prior forecasts of about $54 billion.
Image source: Micron.
Source Fool.com
Micron Technology Inc. Stock
€714.50
-5.860%
With 159 Buy predictions and 1 Sell predictions Micron Technology Inc. is one of the favorites of our community.
With a target price of 1294 € there is a hugely positive potential of 81.11% for Micron Technology Inc. compared to the current price of 714.5 €.
