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Semiconductors could plunge into a bear market by year-end, macro expert forecasts

Rebecca Ungarino

While semiconductor stock AMD AMD soars this year, jumping 50 percent in just three months, its peer Micron is badly underperforming. Micron MU shares are down around 12 percent in that period, placing the stock on track for its first negative quarter in more than two years. Amid this divergence, some market participants are betting on even further downside for Micron, and for the chips more broadly.