Wall Street giant sends doomsday warning to booming California company
Donald Trump
It has been the poster child for America’s AI-driven chip boom since Donald Trump’s reelection. But a Wall Street giant has issued a doomsday warning for California-based Micron Technology after its latest earnings call. Citigroup sent ripples through the market by cutting Micron’s price target from $510 to $425, citing a roughly 6% drop in spot prices for mainstream RAM products since March 18, the Fresno Bee reports. On the surface, Micron’s latest earnings looked like a victory lap. Revenue
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