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Micron's Memory Chip Prices Firm Up

Micron's Memory Chip Prices Firm Up

Memory chip manufacturer Micron Technology (NASDAQ: MU) beat analyst estimates across the board when it reported its fiscal third-quarter results on Monday afternoon. While the numbers looked good compared to the previous quarter and the prior-year period, Micron is still in a funk relative to 2018. A steep decline in memory chip prices is responsible for the lower revenue and profit.