Skip to content
Subscriber Only

Micron Analysts Cautious About DRAM Chips Ahead of Results

Korean Chipmakers Generate Big Profits But Few New Jobs

Photographer: Tomohiro Ohsumi/Bloomberg

Updated on

Micron Technology Inc. analysts continued to be cautious about the impact that pricing weakness for the company’s DRAM memory chips would have on its earnings, with BofAML cutting its expectations for the next three years and Cross Research downgrading the stock to hold. The moves come just days before the company’s next quarterly report.

Shares rose 2.0 percent, although this comes after a two-day decline.