Yahoo! Tech
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2024-12-19 13:31:41
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2024-12-19 13:31:41Event JSON
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"Micron Technology's shares plummeted 12% in premarket trading on Thursday due to a forecast indicating sluggish demand for personal computers and smartphones. The company's flash memory chip revenue in fiscal 2025 is expected to be weaker due to exposure to PC and mobile phone shipments. However, revenue from high-bandwidth memory chips, used to power advanced AI systems, more than doubled sequentially. Analysts expect HBM chips to remain a key driver for Micron's stock."
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