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Micron shares drop after Tim Cook calls for more memory suppliers

The selloff comes as MarketWatch reports Apple and Amazon face pressure from higher memory prices, which weigh on demand and margins.

Reported · Written up by our desk · Equities

Micron’s stock fell after Tim Cook said Apple wants more memory suppliers, a shift that has investors questioning the pricing outlook for the memory market.

MarketWatch said Apple and Amazon are both being hurt by higher memory prices, suggesting the cost pressures could continue to influence how much memory customers are willing to pay.

The report links the stock move to concerns that the push for additional suppliers may affect memory pricing dynamics, with near term impacts for Micron’s earnings expectations.

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