Micron Stock Drops as Analysts Turn Bearish on Semiconductor Outlook
The Micron Stock (MU) Drops headline flashed across trading screens this week as multiple brokerages turned cautious on the chip sector. Micron Technology Inc. shares slid nearly 3 percent after an analyst downgrade and fresh data showing rising memory inventories. Investors say the move reflects growing worries about demand for DRAM and NAND memory chips,…