Advertisement
New Zealand markets closed

  • NZX 50

    11,796.21
    -39.83 (-0.34%)
     

  • NZD/USD

    0.5887
    -0.0019 (-0.32%)
     

  • NZD/EUR

    0.5525
    -0.0019 (-0.35%)
     

  • ALL ORDS

    7,817.40
    -81.50 (-1.03%)
     

  • ASX 200

    7,567.30
    -74.80 (-0.98%)
     

  • OIL

    81.93
    -0.80 (-0.97%)
     

  • GOLD

    2,388.50
    -9.50 (-0.40%)
     

  • NASDAQ

    17,394.31
    -99.31 (-0.57%)
     

  • FTSE

    7,823.73
    -53.32 (-0.68%)
     

  • Dow Jones

    37,775.38
    +22.07 (+0.06%)
     

  • DAX

    17,702.80
    -134.60 (-0.75%)
     

  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • NZD/JPY

    90.9650
    -0.2890 (-0.32%)
     

Micron Forecast Triggers Concern That Best of Rally Is Over

Ian King
Micron Forecast Triggers Concern That Best of Rally Is Over

Micron Technology Inc., the largest U.S. maker of memory chips, gave a revenue forecast that fell short of analysts’ estimates, adding to concern that a two-year surge in demand for its products is fading. Analysts predicted, on average, $8.45 billion, according to data compiled by Bloomberg. Chief Executive Officer Sanjay Mehrotra said underlying demand for memory chips remains strong and near-term fluctuations don’t herald a broad-based downturn.

Continue reading