Micron's shares are down approximately 3.5% due to concerns stemming from Nvidia supplier SK Hynix, which reported record profits yet warned of potential memory demand issues in 2025. Despite Hynix's success related to the AI boom and strong quarterly profits, inventory adjustments from PC and smartphone manufacturers, along with geopolitical risks, could affect Micron and other chipmakers. However, experts suggest Micron remains a strong long-term investment opportunity due to growing demand for memory products in data centers and AI applications.
Shares of Micron (NASDAQ:MU) are down about 3.5% on the day, largely influenced by warnings from SK Hynix regarding future memory demand.
SK Hynix posted a record quarterly profit thanks to AI demand but cautioned that memory demand outlook for 2025 may be clouded by inventory adjustments.
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