Micron Technology (NASDAQ:MU) saw its stock drop 3.9% in pre-market trading on Thursday after Goldman Sachs downgraded SK Hynix (KS:000660), a major competitor in the memory chip industry. This ...

Micron Technology (NASDAQ:MU) stock declined 3.9% in pre-market trading Thursday after Goldman Sachs downgraded peer memory chip manufacturer SK Hynix (KS:000660), causing ripple effects across the ...

Goldman analyst Giuni Lee cut the rating on SK Hynix to Neutral from Buy, citing expected weakness in high-bandwidth memory (HBM) pricing by 2026. Shares of the chipmaker slid about 9% following the ...

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 ...

Goldman Sachs analysts, led by Giuni Lee, pointed out that the increasing demand for AI servers and the higher memory chip density per GPU are the key factors driving their optimistic outlook.