Bad Times Are Here for Micron Technology, but There's Light at the End of the Tunnel
Micron Technology's (NASDAQ: MU) latest quarterly report has dashed any hopes of a turnaround in its fortunes this year, and it wouldn't be surprising to see shares of the memory specialist head lower in the short term as it tries to navigate a weak demand environment. Micron's tepid guidance and management's comments regarding a slowdown in memory demand have sparked concern among investors about the health of the semiconductor industry. Micron's fiscal 2022 Q3 revenue increased 16% year-over-year to $8.64 billion.
