Advertisement
Australia markets closed
  • ALL ORDS

    7,817.40
    -81.50 (-1.03%)
     
  • ASX 200

    7,567.30
    -74.80 (-0.98%)
     
  • AUD/USD

    0.6424
    -0.0002 (-0.03%)
     
  • OIL

    83.85
    +1.12 (+1.35%)
     
  • GOLD

    2,403.20
    +5.20 (+0.22%)
     
  • Bitcoin AUD

    100,559.73
    +5,122.97 (+5.37%)
     
  • CMC Crypto 200

    1,328.36
    +15.73 (+1.20%)
     
  • AUD/EUR

    0.6027
    -0.0004 (-0.06%)
     
  • AUD/NZD

    1.0894
    +0.0019 (+0.18%)
     
  • NZX 50

    11,796.21
    -39.83 (-0.34%)
     
  • NASDAQ

    17,394.31
    -99.31 (-0.57%)
     
  • FTSE

    7,825.62
    -51.43 (-0.65%)
     
  • Dow Jones

    37,775.38
    +22.07 (+0.06%)
     
  • DAX

    17,633.94
    -203.46 (-1.14%)
     
  • Hang Seng

    16,234.18
    -151.69 (-0.93%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

Micron Stock Looks Cheap, but This Downturn Is "Unprecedented"

Micron Stock Looks Cheap, but This Downturn Is "Unprecedented"

Memory chips are, for the most part, commodities. When you manufacture commodity products, how much you can charge is largely based on supply and demand. In the fiscal year ended Sept. 2, 2021, Micron produced net income of $5.86 billion on $27.71 billion of revenue.