Micron experiences largest loss on document as memory-chip market melts down, however inventory positive factors as execs say stock points have peaked

Micron Technology Inc. reported its largest quarterly loss on document as a result of a list write-down of greater than $1.4 billion on Tuesday, however shares held up as executives urged the reminiscence market could also be reaching a backside.

“We now believe that customer inventories have reduced in several end markets, and we see gradually improving supply-demand balance in the months ahead,” Chief Executive Sanjay Mehrotra mentioned in ready remarks. “Excluding the influence of stock write-downs, we imagine our balance-sheet days of stock…