Ssimsim
2022-07-01

Micron's Weak Outlook Sparks Concerns of Chip Down Cycle

Micron Technology

Micron Technology Inc projected fourth-quarter revenue and profit below market estimates on Thursday, a sign that geopolitical turmoil and weakness in consumer spending would weigh on demand for its memory chips.

Shares of the Boise, Idaho-based company initially fell 6.3% in extended trading but later pared losses to trade 2.2% lower. The weak outlook could raise broader concern the chip market is heading into a down cycle after a recent shortage.

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Comments

  • EvanHolt
    2022-07-02
    EvanHolt
    We should be contrarian, and maybe that's a good thing.
  • Maria_yy
    2022-07-02
    Maria_yy
    There is no way, it is affected by the macro economy.
  • HilaryWilde
    2022-07-02
    HilaryWilde
    Perhaps a cold winter is coming for the semiconductor industry.
  • DonnaMay
    2022-07-02
    DonnaMay
    What a good post, I learned a lot.
  • ElvisMarner
    2022-07-02
    ElvisMarner
    Do you own MU? What's the cost?
  • MortimerDodd
    2022-07-02
    MortimerDodd
    Micron's revenue forecast did disappoint.
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