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Micron Just Closed Below $800 for the First Time Since July

Source: 247wallst.com

Corporate EarningsCompany FundamentalsTechnology & InnovationConsumer Demand & Retail
Micron Just Closed Below $800 for the First Time Since July

Micron reported record profits and has contracts locked in through 2030, while its stock trades at five times forward earnings. Despite those positives, shares shed billions in a single session; the article flags a risk that customers may struggle to sustain purchases at soaring memory prices.

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