Jim Cramer emphasizes fundamentals amid semiconductor stock sell-off
MU Micron Technology Inc
$953.19 -3.62%
View chart & analysis → - 1The VanEck semiconductor ETF has fallen 7.2% for six consecutive trading days.
- 2Jim Cramer warned that rising oil prices and interest rates could extend the sell-off.
- 3Micron holds 26 long-term customer contracts that will account for approximately 35% of Micron revenue by 2030.
So what's the key point?
Prices for semiconductor-related products have continued to fall for six days. Micron has many long-term contracts, which could provide strength despite expert warnings.
Source CNBC · View original ↗
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