NEWS FROM SAMSUNG PROVIDES AN OPPORTUNITY IN MICRON STOCK
By Nigam Arora & Dr. Natasha Arora
Signal(s) to enter, add, reduce, exit, hold or change.
Micron stock (MU) is long from $21.77. It is trading at $63.35 as of this writing. Partial profits have already been taken.
Semiconductor Memory
There are many types of semiconductor memory. The two main types are DRAM and NAND. In both types of memory, there is severe, cutthroat competition. Micron and Samsung (SSNLF) are two big competitors.
News From Korea
The news from South Korea is that Samsung plans to cut memory production by a “meaningful level.” This is likely to have a significant impact on the sector as Samsung has about 50% of the DRAM market share.… Please click here or the title below to read more.
April 11, 2023