Micron Stock: Did the AI Memory Leader Just Peak?

Micron (MU 6.93%) investors were dealt a cold reality check last week. After the memory chipmaker delivered a smashing earnings report, the stock fell, and it's been sliding ever since. A combination of doubts about the sustainability of the memory boom, malaise around the war in Iran, and a new threat to memory chips from Alphabet has led to a 23% sell-off, and the stock has fallen every day since the earnings report. On Thursday, Micron and its memory peers slipped in response to new research from Google ...