Why Micron’s stock is leading the chip sector’s decline - MarketWatch
1. Micron expects Q2 gross margin decline to 38.5%, down from 39.5%. 2. Sequential margin decline of 'a few hundred basis points' expected in May quarter. 3. Better-than-expected volumes in consumer segments are lower-margin businesses. 4. NAND underutilization exists; inventory drawdown is underway. 5. Volatile pricing and margins may impact Micron's stock performance.