Micron Technology Inc. could be approaching a big new semiconductor cycle as it predicts a huge boost from AI, but there could be a roadblock on the path.
Micron Technology Inc. could be approaching a big new semiconductor cycle as it predicts a huge boost from artificial intelligence, but there could be a roadblock in the path.
Another big issue for the stock right now, though, is China’s decision to recommend that “operators of critical information infrastructure in China should stop purchasing Micron products.” Mehrotra told analysts on the company’s conference call that the decision will impact about 50% of its products sold in China.
He said Micron will work with its long-term customers who are not impacted by China’s decision, and hopefully will increase its share with those customers.
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