Reported 27 days ago
Micron Technology's stock price has been significantly downgraded following a 'double downgrade' from analysts, with concerns regarding its ongoing performance amidst a challenging market. Despite announcing positive earnings and an optimistic outlook for AI-driven memory chips, Micron shares have fallen over 40% since June due to fears of oversupply and high capital expenditures. Analysts predict continued underperformance compared to peers in the AI sector, leading to sharp reductions in stock price targets.
Source: YAHOO