What Does the Near-Term Have in Store for Micron? Analyst Weighs In

Semiconductor stocks have been on a tear in 2020, but the same cannot be said about one of the sector’s heavyweights – Micron (MU).Hampered by a series of negative macro events and the loss of a big chunk of revenue due to the recent ban on Huawei, the company has suffered at the hands of Mr. Market and has been struggling to swing into the green in 2020.However, despite the company issuing soft estimates, the stock has mostly trended upwards since late September when Micron delivered strong FQ4 results.So, is the trend likely to continue?Based on competitor SK Hynix’ latest …read more

Source:: Yahoo Finance


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