U.S. Markets closed

Sell Micron Stock Because It May Lose Money as Chip Prices Crash, Analyst Says

Tae Kim

(MU) may lose money later this year because of falling memory chip prices, according to Citi Research. The chip maker will report its fiscal third-quarter earnings results on Tuesday. Micron stock (ticker: MU) has fallen nearly 20% over the past 3 months as hopes for a recovery in chip prices have faltered.