Weak macroeconomic conditions and the persisting weakness in PC demand, coupled with Micron Technology’s lagging DRAM and NAND output, have impacted the company’s growth rate in the last few months. The company will report its Q2 2016 earnings on March 30th and the quarter will not offer much respite for Nvidia, as it evident from the guidance repeated below. Though the current market conditions remain challenging, Micron is confident of its long-term growth potential. The technology transition is a transient situation, and the company expects to see stronger bit growth and cost reductions commencing in the second half of fiscal 2016.

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