Micron Lowers Guidance with Severe DRAM and NAND Supply and Demand Imbalance

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • #49801
    ThePitBoss
    Participant

    Memory chip maker Micron reported lower fiscal first-quarter revenue, which dropped by nearly half to $4.09 billion as prices fall for both main types
    [See the full post at: Micron Lowers Guidance with Severe DRAM and NAND Supply and Demand Imbalance]

    #56563
    Truman
    Participant

    Semiconductor stocks are a pocket of strength in the market today. Micron (MU 63.17, +4.61, +7.8%) is a winning standout from the space after news over the weekend that chip giant Samsung (SSNLF) is cutting production to reduce inventory.

    MU is reacting positively to this news after CEO Sanjay Mehrotra said a few weeks ago that high inventory weighed on financial results.

    Taiwan Semiconductor Manufacturing (TSM 87.71, -2.52, -2.8%) is a top laggard after reporting a 15.4% yr/yr drop in revenue for March.

    The PHLX Semiconductor Index is up 0.8%.

    #58972
    TradersCom
    Keymaster

    Micron (MU 65.03, -3.14, -4.6%): confirmed Cyberspace Administration of China concluded Micron products present a cybersecurity risk and notified critical information infrastructure operators in China to stop using Micron products.

    Some semiconductor stocks are notably weak today after the Cyberspace Administration of China concluded Micron (MU 65.41, -2.75, -4.0%) products present a cybersecurity risk and notified critical information infrastructure operators in China to stop using Micron products.

    MU peers Qualcomm (QCOM 104.21, -1.68, -1.6%) and Broadcom (AVGO 674.77, -7.48, -1.1%) trade down in sympathy.

    The PHLX Semiconductor Index is down 0.2%.

Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.