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Chip stocks – including Micron, Seagate – are tanking as Wall Street sees falling memory chip demand

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Chip stocks – including Micron and Seagate – are tanking again after Wall Street sees falling memory chip demand.

 

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Chip stocks including Micron plunge after warnings on demand from Wall St and a key industry playerMorgan Stanley says the memory chip market's fundamentals are getting worse, citing rising pricing pressure and inventories.
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Micron CEO: Memory-chip market is ‘structurally different’ in post-PC worldThe explosion of devices that use memory and storage chips over the past few years has significantly altered traditional chip supply and demand cycles and in the long run that’s good for chip makers, according to Micron Technology Inc. Chief Executive Sanjay Mehrotra.
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