Pundits say MU is down in sympathy to Seagate's big earnings miss although they are in different types of memory. STX makes the slower HDDs (hard disc drives) while MU makes SSDs (solid state drives) and chips used in them, which are taking market share from HDDs. A much better comp is Hynix which reported record profits today, up 600% or so yoy. But then Hynix is down some today too, so go figure.
Seems to me like a good buy opportunity today with MU.
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