Micron Technology stock was downgraded over concerns about pricing and demand. Capital spending also can be added to the list of worries.
Micron (ticker: MU), the only U.S.-based memory chip maker, said Wednesday it will be spending more than $150 billion to build plants and for research and development over the next 10 years. The expansion comes amid a global semiconductor shortage that has up driven prices for goods, including cars, electronics and home appliances.
The…
