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MU / Micron reports largest loss on record as memory-chip market melts down, but stock gains as execs say inventory issues have peaked

Micron Technology Inc. reported its largest quarterly loss on record thanks to an inventory write-down of more than $1.4 billion on Tuesday, but shares held up as executives suggested the memory market may be reaching a bottom. Read More

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Memory chip

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MU

Posted: Mar 28 2023, 16:25

Author Name: Market Watch

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