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3 Red Flags for Micron Technology's Future

3 Red Flags for Micron Technology's Future

It has been a tough year for Micron (NASDAQ: MU). In the second quarter of fiscal 2023, which ended on March 2, Micron generated 74% of its revenue from DRAM chips and 24% of its revenue from NAND chips. Its sales of both types of chips have tumbled by double digits year over year over the past three quarters, while its adjusted gross margins turned negative in the second quarter.