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Despite the S&P 500 and Nasdaq 100 hitting all-time highs, Micron Technology Inc. (NASDAQ:MU) remains in the red.
The decline follows a volatile week for the semiconductor giant. Sentiment soured following first-quarter results from ASML Holding NV (NASDAQ:ASML). The Dutch firm is the sole supplier of EUV lithography systems.
The chip equipment maker posted net sales of 8.77 billion euros ($10.26 billion), up from 7.74 billion euros a year earlier and slightly above analyst estimates of $10.21 billion.
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While ASML beat earnings estimates, its …
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