News Snapshot:
Struggling Micron Technology (MU) continues to see the supply and demand dynamic for its memory chips out of whack — not a shocking state of play, but still a notable one because we're invested in other semiconductor stocks. Micron posted worse-than-expected fiscal first-quarter 2023 results this week and forecast a wider-than-anticipated per-share loss in its current quarter. Too much inventory was largely to blame for the weak profit guidance. The company, which employs 48,000 people, also said it would reduce its workforce by 10% next year and suspend bonuses. Management indicated on the post-earning conference call that it expects some...
