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Micron’s Record Quarter Meets Legal Storm | Durham News
Micron just smashed its best quarter ever—only to face a lawsuit the same day accusing it, along with Samsung and SK Hynix, of artificially inflating memory chip prices by up to 700% since 2022. The suit, filed by 17 plaintiffs mostly small businesses, claims the trio deliberately cut older chip production to boost demand and prices for premium AI chips. Micron denies all allegations, calling the claims baseless and vowing to fight back. Despite the legal storm, analysts remain bullish, even raising Micron’s price targets before the news broke. The stock, which hit an all-time high, plunged…
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