US Stock Market Move | Stock prices surged and then retreated! Micron Technology, Inc. (MU.US) saw its increase narrow to 3%. Industry insiders warn of risks.
After the stock price surged more than 19% yesterday, Micron Technology (MU.US) rose over 6% in early trading on Wednesday, and as of the time of writing, it was up more than 3%, trading at $926.53.
Following a rise of more than 19% in stock prices yesterday, Micron Technology, Inc. (MU.US) saw an initial increase of over 6% on Wednesday. As of the time of writing, it has increased by over 3% to $926.53. Industry insiders warn that there are clear signs of oversaturation in the current memory chip market - inventory levels may far exceed actual consumption demand. If the growth of AI applications does not meet expectations, inventory pressures will quickly work their way up the supply chain. At that point, the entire storage industry will face a test.
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