Heard on the Street: What’s Great for Micron Is Good for Chips as Well

Heard on the Street: What’s Great for Micron Is Good for Chips as Well · The Wall Street Journal

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Micron sure picked a great day to deliver some good news. The memory chip maker’s quarterly results late Wednesday beat Wall Street’s expectations, as did its projection for the quarter ending in November. Micron’s robust bottom line strongly suggests memory pricing is holding up—countering one of the major worries that had driven the stock down 33% in the three months prior to Wednesday’s report.