Why Is Micron Stock Still Falling?
Investors are wrong to sell Micron stock today.
Overview
Micron (NASDAQ: MU) stock sold off for a second straight day Thursday -- and I have to say, the logic here seems weird.
Shares of the manufacturer of computer memory chips slipped 3.2% through 10:15 a.m. ET after Taiwan Semiconductor Manufacturing Company (NYSE: TSM) blew past analyst estimates in its Q2 earnings report, growing profits 77% year over year -- but warned investors will spend upwards of $60 billion on capital investment this year, versus prior forecasts of about $54 billion.
Image source: Micron.
Details
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Originally published at www.fool.com.
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