Micron declines after competitor SK Hynix receives downgrade by Goldman Sachs

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Micron office building in San Jose, California, USA - June 8, 2023.

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Micron Technology (NASDAQ:MU) was down 4% during Thursday market action after its South Korean competitor, SK Hynix (OTCPK:HXSCF), was downgraded to Neutral from Buy by Goldman Sachs.

Goldman Sachs analysts, led by Giuni Lee, indicated that high-bandwidth memory pricing is expected to

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