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The Wall Street Publication > Blog > Tech > Micron Shares Slump on Muted Sales Forecast
Tech

Micron Shares Slump on Muted Sales Forecast

Editorial Board Published June 30, 2022
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Micron Shares Slump on Muted Sales Forecast
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Memory-chip maker Micron Technology issued a subdued revenue outlook, spooking investors even as it reported a strong rise in earnings for its latest quarter.

“Recently, the industry demand environment has weakened, and we are taking action to moderate our supply growth” in coming quarters, Chief Executive Sanjay Mehrotra said in a statement, adding that he was still confident about long-term demand for memory and storage.

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