Micron Technology (MU) falls 5% on latest warning
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Micron (MU) Continues to Demonstrate Spending Discipline - BMO Capital
November 16, 2022 10:57 AM ESTBMO Capital analyst Ambrish Srivastava reiterated an Outperform rating and $70.00 price target on Micron Technology (NASDAQ: MU) following the latest cuts. The analyst highlighted that the company continues to proactively demonstrate spending discipline.
The analyst commented, "Today, before market open, Micron released... More
Micron Technology (MU) to Cut DRAM and NAND Wafer Starts by 20%
November 16, 2022 8:53 AM ESTMicron Technology, Inc. (Nasdaq: MU) the company is reducing DRAM and NAND wafer starts by approximately 20% versus fiscal fourth quarter 2022. These reductions will be made across all technology nodes where Micron has meaningful output. Micron is also working toward additional capex cuts. In calendar 2023, Micron now expects its year-on-year bit supply growth to be negative for DRAM, and in the single-digit percentage range for NAND.
Recently, the market outlook for calendar 2023 has weakened. In order to significantly improve total inventory in the supply chain, Micron believes that in calendar 2023, year-on-year... More
