Microchip technology stocks could fall to $361 at worst

Microchip (Micron, NASDAQ code: MU) stocks may fall to $361 in the worst-case scenario, about 58 per cent below current prices of $850. The company's stock fell $850 in a Thursday deal, touching a minimum of $849 in the daytime, attracting a sense of obscurity. Analysts predict that microchips may face a severe decline in the global market or other monetary policy changes. Investors need to be cautious and, if the market remains stable, microchip stock investors need not worry。