Seeking Alpha Upgrades Micron Despite 39% Plunge
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- Seeking Alpha issued a rating upgrade on Micron (NASDAQ:MU) in an article headlined 'The Math Makes No Sense'
- Micron has plunged 39%, with SK Hynix and Samsung's $1.3T in spending worrying US chipmakers, while the stock sees choppy trading as China fears loom
Why it matters: A Seeking Alpha upgrade during a 39% Micron plunge positions the call as a contrarian bet — but cross-coverage flags SK Hynix and Samsung's $1.3T capital spending and China-related volatility as the headwinds any bullish thesis has to absorb.
