Micron Technology (MU) shares fell 12% last week, marking the second major drop this year, largely due to weak NAND flash memory sales and a slowdown in the data center SSD market. Despite robust HBM demand, challenges in SSD sales and increased competition in the NAND market have pressured the company's outlook. Analysts at Bank of America and Morgan Stanley have downgraded the stock, citing concerns over future performance. However, Micron's high-performance SSDs, like the world’s fastest 9550 model, remain a competitive edge, potentially stabilizing its share price moving forward.
**Source**: Baystreet.ca
WS News
2024-12-27
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