Micron Technology stock is down over 40% from its year-to-high peak as analysts turn bearish toward the memory market.

Micron Technology Inc. closed $68.81 short of its 52-week high ($157.54), which the company reached on June 18th.

Apple tumbles on concerns about demand for the iPhone 16, Trump Media shares slide after sharp gains on Friday, Boeing will freeze hiring amid a walkout at the jet maker, and Micron’s price target is slashed significantly by Morgan Stanley.

Key Takeaways U.S. equities were mixed around midday as investors focused on what will happen Wednesday, when the Federal Reserve is expected to begin cutting interest rates.Intel received a $3.5 billion contract to build chips for the U.

Micron Technology Inc. closed $70.36 short of its 52-week high ($157.54), which the company reached on June 18th.