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Why are Chip stocks – including Micron, Seagate – TANKING today?

Semiconductor stocks are dropping Wednesday after Goldman Sachs warned about deteriorating memory chip demand. The firm lowered its rating to neutral from buy for shares of memory chipmaker Micron. “We see incrementally weaker demand datapoints combined with accelerating supply growth” in the fourth quarter and in the first half of next year, the firm’s analyst Mark Delaney said […]

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