Micron ( (MU) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Micron’s recent share weakness comes despite upbeat expectations for its next-generation HBM4 memory chips. An analyst pointed to strong anticipated demand and a likely full production ramp after the second quarter, which could help Micron win back market share from rival SK Hynix. Even so, the stock slipped about 1% on Monday, extending a roughly 5% decline from Friday, as investors remained cautious and focused on whether HBM4 demand and the production ramp will materialize as projected.
More about Micron
YTD Price Performance: 45.36%
Average Trading Volume: 30,590,051
Technical Sentiment Signal: Buy
Current Market Cap: $467B
For further insights into MU stock on TipRanks’ Stock Analysis page.
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