Worst May Be Over for Micron

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The Worst May Be Over for Micron, But Pandemic-Era Profits Aren’t Coming Back

• Prices for DRAM and NAND memory chips are plunging, and Micron is reporting staggering losses.
• The good news is that the oversupply situation is starting to ease, and things should start to improve in the second half of the year.
• The bad news is a return to pandemic-era profits looks unlikely anytime soon.