Why Micron Stock Lost 14% in December

Shares of Micron (MU 2.67%) were sliding last month after the memory-chip maker offered disappointing guidance in its fiscal first-quarter earnings report.The sell-off following the report wiped out some solid gains, as the stock rose earlier in the month after the Commerce Department finalized a $6.17 billion subsidy related to the CHIPS Act for the company to build new manufacturing plants in New York and Idaho.According to data from S&P Global Market Intelligence, the stock finished the month down 14%. A ...