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Micron Stock Plunges As Memory-Chip Shortages Cause Ripple Effects

Micron Technology's stock has plummeted due to memory-chip shortages causing ripple effects across the tech sector. The stock has lost over 40% since its June record and fell 11% on a single day, mirroring declines in Nvidia, Intel, and Tesla. Analysts weigh in on whether the stock is now undervalued or if the decline will continue.

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  • ✓ Micron stock fell Thursday as memory-chip shortages are having ripple effects across the tech sector.
  • ✓ The stock has lost over 40% since its June record.
  • ✓ Micron's forward P/E ratio is 3.72, the lowest among 10 semiconductor-related stocks.
🛡️ Source Corroboration: 16 independent reporting domains (85% confidence) ⏱ Read time: ~2 min

What changed

Micron's stock closed below $800 for the first time since July, with a 4.11% after-hours jump following a sharp selloff.

Live updates

  1. Micron Stock Plunges Amid Memory-Chip Shortages

    Micron Technology's stock has plummeted due to memory-chip shortages causing ripple effects across the tech sector. The stock has lost over 40% since its June record and fell 11% on a single day, mirroring declines in Nvidia, Intel, and Tesla. Analysts weigh in on whether the stock is now undervalued or if the decline will continue.

    Why it matters

    The tech sector is experiencing a downturn, with memory-chip shortages impacting production and driving up prices for devices like computers and smartphones. Micron's stock performance is closely watched as a bellwether for the industry. The shortages and subsequent stock declines raise questions about the sector's near-term prospects.

    What is confirmed

    • Micron stock fell Thursday as memory-chip shortages are having ripple effects across the tech sector.
    • The stock has lost over 40% since its June record.
    • Micron's forward P/E ratio is 3.72, the lowest among 10 semiconductor-related stocks.

    Still unconfirmed

    • Memory-chip shortages hitting Micron may weigh on the broader technology sector.

    What to watch next

    • Micron's quarterly earnings report
    • Further analysis on the impact of memory-chip shortages on tech production
    • Sector-wide tech stock performance
    Sources used for this update (19)
    1. contents.premium.naver.com — [잠옷입고 경제공부] 세계 무역지도를 바꿀 사건!
    2. Yahoo Finance — Micron Just Closed Below $800 for the First Time Since July
    3. Barron's — Micron Stock Gets Crushed by AI Selloff. Don’t Ignore the $200 Billion Silver Lining.
    4. Investor's Business Daily — Micron Stock Plunges As Memory-Chip Shortages Cause Ripple Effects
    5. The Motley Fool — Why Micron Stock Keeps Going Down
    6. Seeking Alpha — Micron's Selloff Is A Once-In-A-Decade Opportunity (NASDAQ:MU)
    7. Seeking Alpha — Micron: When A 3.8x Forward 2028 P/E Is Too Expensive (NASDAQ:MU)
    8. Yahoo Finance — Micron Stock Has Lost Over 40% Since Its June Record. I'd Still Buy It.
    9. Benzinga — Micron Technology Shares Jump 4.11% After Hours Following Sharp Selloff - Micron Technology (NASDAQ:MU)
    10. TIKR.com — “The Worst Bubble Ever”: Micron Ripped 193% Before Its Sell-Off. Is It Too Late to Buy?
    11. TipRanks — ‘Watch Your Step,’ Says Investor About Micron Stock
    12. economictimes.indiatimes.com — Micron stock crash: MU stock crashes 11% today as Nasdaq ...
    confidence 85%
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