Why Micron Stock Dropped Today
Micron (NASDAQ: MU) stock slid 3.9% through 11:05 a.m. ET as investors caught a case of the Mondays -- and resumed worrying about the durability of high prices for memory chips used in the artificial intelligence industry.
Image source: Micron.
South Korea's SK Hynix (NASDAQ: SKHY), now trading on Nasdaq as an American Depositary Receipt, is the likely catalyst for today's decline in Micron's price. SK shares soared 14% on their Nasdaq debut before turning tail this morning and selling off by more than 6%. Micron stock is following SK stock lower, and it's not too hard to understand why.
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 €.
