BOISE, Idaho, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU), today announced the appointment of Raj Narasimhan to the role of senior vice president and general manager of its Compute and Networking Business Unit. Narasimhan will be responsible for leading Micron’s largest business, driving advances in memory products focused on high-performance computing, artificial intelligence, and cloud and client computing. He will report to Sumit Sadana, Micron’s executive vice pres
The biggest cloud companies are pulling back on server procurement in 2023, creating a massive headache for component suppliers.
Shares of Micron Technology (NASDAQ: MU) were down as much as 5% on Tuesday before rebounding slightly to a 3.1% decline as of 10:48 AM EDT. While Micron's stock is known to be volatile, today's move was especially notable, as most of the technology sector was up for the day. The reason behind the decline isn't hard to figure out; last night, Korean rival Samsung (OTC: SSNL.F) released its fourth-quarter earnings.