Leading memory chip maker Micron Technology has seen a more than 50% decline in its stock price so far this year. While the weak macro environment and adverse currency headwinds have in general slowed down growth in the semiconductor industry, Micron’s business is primarily being impacted by the oversupply situation and declining prices in the DRAM market. The company derives approximately 55% of its valuation (as per our estimate) and over 60% of its revenue from the DRAM business, and thus any adverse development in the segment has a considerable impact on Micron’s valuation.

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