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Micron Analyst: Don't Look for Chipmaker to Recover in Second Half

Nelson Wang

Micron might be in for a rougher ride for the rest of the year than expected, at least according to one analyst. Ahead of Micron's fiscal second quarter earnings report on Wednesday after the close, Citi analyst Christopher Danley penned a note in which he forecast a crash in DRAM prices due to excess inventory being held by the three main DRAM producers -- Micron, Samsung and SK Hynix.