Isn't the Worst From China Over?

Evelis: Despite the revenue miss and really weak Q1 guidance shares did actually pay back their initial 2% drop. Now you can see they're down again about 1% investors, though they must seem to like a little bit about how much the company plans to cut back in terms of cost. Micron announcing they're going to cut way for fab equipment spending by nearly 50% of fiscal 2023 - which could have an impact on equipment makers such as lamb and applied materials. The company soon announced a second memory fan location where they plan to announce it but don't expect them to all come online at once.