Why Micron Stock Bounced on Monday
Last week was miserable for Micron (NASDAQ:MU) stock, with the maker of DRAM and NAND flash memory chips losing nearly 15% on worries that Chinese DRAM company ChangXin Memory Technologies was bringing to market “4F square” technology to increase DRAM storage density — and begin stealing market share from Micron.
Monday morning, things are looking better for Micron, though, and the stock is up 4% as of 10:35 a.m. ET.
Image source: Micron.
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