Micron Expects To Produce Fewer NAND Bits In Calendar 2023 Than In Calendar 2022
Portfolio Pulse from Benzinga Newsdesk
Micron Technology, Inc. (MU) has announced that it expects to produce fewer NAND bits in calendar 2023 than in calendar 2022, according to Reuters.
June 28, 2023 | 8:13 pm
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Micron's announcement of expected decrease in NAND bit production in 2023 may impact its stock price.
Micron's announcement of producing fewer NAND bits in 2023 compared to 2022 may be perceived negatively by the market, potentially leading to a decrease in its stock price. The company's performance is closely tied to its production levels, and a decrease in production could signal lower revenues in the future.
CONFIDENCE 80
IMPORTANCE 75
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