Over the past year, Micron stock has been on an incredible bull run, driven by the memory shortage.

Micron said it would reduce wafer fabrication equipment investments by 50% in the new fiscal year. Chip equipment maker Applied Materials Inc's shares dropped 2% on the news in after-hours trading.

AI-driven demand for memory has taken priority over consumer electronics. But Micron CEO Sanjay Mehrotra said that demand is "pretty strong" within some of its more "price-sensitive" consumer end ...

The memory chip sector is experiencing a fundamental shift, and Micron Technology finds itself at the epicenter. The company's latest financial results have ign ...