What's Going On With Micron Technology Stock Thursday?
Portfolio Pulse from Anusuya Lahiri
Micron Technology (NASDAQ:MU) faces delays in its semiconductor fab project in Syracuse, NY due to environmental issues involving endangered bat species. The project, which aims to create 9,000 jobs, is now pushed to 2025. Despite this, analysts remain optimistic about Micron's Q4 performance due to strong DRAM and NAND pricing.
June 20, 2024 | 3:28 pm
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Micron Technology's semiconductor fab project in Syracuse, NY is delayed to 2025 due to environmental issues involving endangered bat species. Despite this, analysts are optimistic about Q4 performance due to strong DRAM and NAND pricing.
The delay in the Syracuse fab project is a setback for Micron, potentially affecting its long-term growth plans. However, strong DRAM and NAND pricing are expected to support short-term performance. The stock is currently trading lower by 2.26%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100