Why Is Micron Stock Still Falling?
The recent sell off in Micron Technology (MU) shares is a puzzling phenomenon, driven by investors' concerns over Taiwan Semiconductor Manufacturing Company's (TSMC) aggressive spending plans.
TSMC's Q2 earnings report, which showed profits up 77% year over year, should have been a cause for celebration, but instead, the company has seen a 1. 5% sell off.