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Micron Stock Falls Despite Earnings Beat and Strong Demand for Memory Chips

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Micron Stock Falls Despite Earnings Beat and Strong Demand for Memory Chips

For the quarter ended June 3, Micron (ticker: MU) had revenue of $7.42 billion, up 36% from a year earlier and above the Wall Street consensus forecast of $7.23 billion. Micron originally projected revenue of $6.9 billion to $7.3 billion, though CEO Sanjay…

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