Why Micron Stock Keeps Going Down
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It's been a rough week to own Micron (NASDAQ: MU) stock. Beginning with a powerful earnings report (that strangely failed to wow investors) one week ago, Micron stock has been sliding for six straight sessions.Shares of the computer memory-maker's most recent trouble began Wednesday, when news broke that Alphabet (NASDAQ: GOOG) has developed new compression technology that shrinks memory size six times while increasing performance and data recall. Worries that this would reduce demand for Micron's high-bandwidth memory (HBM) chips subtracted 3.4% from Micron's market capitalization yesterday. The stock is down another 4.2% through 9:50 a.m. ET today.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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