Why Micron Stock Dropped on Monday
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Micron's stock fell 4.3% on Monday, influenced by Edgewater Research's comments on demand and pricing for computer memory. While the first half of 2025 shows improved demand, the second half is expected to be sub-seasonal, indicating potential challenges ahead. Despite reporting earnings of $6.2 billion, Micron's free cash flow of $1.9 billion raises concerns about its high price-to-free cash flow ratio of 74, suggesting it may be an expensive investment.
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