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. Stock
€714.50
-5.860%
The stock is one of the favorites of our community with 159 Buy predictions and 1 Sell predictions.
As a result the target price of 1294 € shows a very positive potential of 81.11% compared to the current price of 714.5 € for Micron Technology Inc..
