Micron (MU) To Reduce Headcount By 10% In 2023 & Earnings

Micron (MU) is making decisive actions to cut inventory and expenses to match current demand, says Kevin Green. He and Kim Forrest discuss the outlook for Micron (MU) following earnings which were released December 21st. They talk about how MU is to reduce its headcount by 10% in 2023. They also look at other semiconductor stocks such as AMD (AMD), LAM Research (LRCX), and Nvidia (NVDA). Kim notes that MU is more exposed to the consumer - the consumer isn't buying as many PCs. They then go over the technical levels to watch in MU, as well as how the Fed will impact tech stocks. Tune in to find out more about the stock market today.