Micron’s Memory Boom Is Heading For A Peak, Analyst Warns
Micron (MU) stock gains premarket as Citi cuts target to $1,150, citing slowing memory pricing and China capacity risks.
Micron makes memory chips, and an analyst thinks prices for those chips will stop going up soon because of competition and China's factories. This means you might want to watch if Micron can still make good profits when prices drop.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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