Samsung Stock Falls Despite Record Profit, Raising Concerns for Micron Investors
Despite a record 19x year-over-year increase in operating profit, Samsung's stock dropped 20% following its preliminary Q2 report. The decline has raised concerns about the future of memory chipmaker Micron Technology (MU), which also saw its stock fall nearly 19%. Slower-than-expected sequential price growth for DRAM and NAND flash is cited as a key factor behind weaker investor sentiment.
Tickers: $MU
Topics: Memory Markets Micron Technology Samsung Stock Performance