Micron Falls on Memory Concerns Even as Some Analysts See Bottom
- Stock at lowest since December after Morgan Stanley downgrade
- MKM sees a near-term low and Rosenblatt reiterates buy call
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Micron Technology shares tumbled on Thursday, extending a recent decline as concerns mounted over the market for memory-related semiconductors.
The stock dropped nearly 8% in its biggest intraday decline since March. It has lost more than 15% so far this week, putting it on track for its biggest one-week decline since March 2020.