Micron Technology Inc.’s revenue dropped 47% in its fiscal first quarter, and management projected that the decline would worsen to more than 50% in the second quarter as layoffs are Read more
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Micron faces ‘unprecedented’ supply issues, and analysts are split on if the bottom has been hit
Micron Technology Inc. is dealing with an “unprecedented” oversupply problem, but whether it gets worse or better in the near-term is up for debate. However, analysts had different ideas about Read more
Opinion: Micron earnings suggest the chip downturn could be worse than Wall Street expects
Micron Technology Inc. executives warned about a semiconductor downturn in late June, but now say that a “sharp and sudden” drop in demand exceeded even those expectations, suggesting the current Read more
Micron cuts capital spending to stem oversupply cycle; shares flat after hours
Micron Technology Inc. shares were flat in the extended session Thursday after the memory-chip maker said it was taking steps to emerge from a current downcycle in market by scaling Read more
Micron forecast expected to shed light on how two years of unprecedented supply problems may resolve
Micron Technology Inc. investors are hoping the memory-chip maker’s forecast will provide more color into the unprecedented supply-and-demand dynamics created by two years of COVID-19-related disruption. Micron MU, +0.89% is Read more
Micron stock downgraded amid ‘steepening price declines’
Mizuho analyst Vijay Rakesh is concerned about memory demand and its impact on pricing, trends that he thinks could weigh on shares of Micron Technology Inc. and Western Digital Corp. Read more
Micron stock falls as company issues revenue warning amid ‘challenging’ memory conditions
Micron Technology Inc. shares were falling more than 4% in premarket trading Tuesday after the memory-chip company said that it expects “challenging” market conditions for the current quarter and the Read more
Micron stock falls as company issues revenue warning amid ‘challenging’ memory conditions
Micron Technology Inc. shares were falling more than 4% in premarket trading Tuesday after the memory-chip company said that it expects “challenging” market conditions for the current quarter and the Read more
Micron Technology says it’ll make $40 billion investment and create up to 40,000 jobs
Micron Technology MU, -1.62% said it was planning to invest $40 billion through the end of the decade and create as many as 40,000 jobs in what it called the Read more
Opinion: The chip boom likely over, as Micron says it’s in a ‘downturn’
The semiconductor boom of the past two years appears to be ending. Memory-chip maker Micron Technology Inc. MU, -1.32% gave a downbeat forecast for its next fiscal quarter Thursday, predicting Read more