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Micron Shares Pull Back for Two Days as USITC Launches DRAM Patent Probe; Citi Defies Trend to Raise Target Price to $1,300

Micron Shares Pull Back for Two Days as USITC Launches DRAM Patent Probe; Citi Defies Trend to Raise Target Price to $1,300

TradingKey – On September 24 Eastern Time, Micron (MU) saw its stock price pull back for two consecutive days after setting a recent high of $1,100.

It is reported that the U.S. International Trade Commission (USITC) voted to launch an investigation into dynamic random-access memory (DRAM) products involving Micron Technology, as well as multiple server manufacturers using such chips in their products.

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Micron Technology stock chart, Source: TradingView

The USITC stated that the investigation is based on a complaint filed on behalf of Netlist, a memory vendor headquartered in Irvine, California. The complaint alleges that certain DRAM devices and products containing such devices were imported and sold in the U.S., infringing Netlist’s…

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