Micron Technology (MU.US) declined 5.50% following Edgewater Research's reduction in NAND and DRAM price forecasts, signaling a potentially weaker outlook for the first half of 2025. The research highlighted softening demand projections from OEMs and cloud providers and noted a cautious industry sentiment around supply growth, price pressure, and demand alignment. Despite short-term challenges, Edgewater expressed a positive long-term view on Micron's positioning due to its HBM and eSSD market opportunities and technological advantages.
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Micron shares are down more than 5% today, experiencing a strong sell-off among companies in the US500 index. The shares are 35% below the highs reached in June 2024, and the key support level now stands at $100 per share
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