The demand-supply mismatch and increasing competition in the memory market has further put downward pressure on both DRAM and NAND memory product prices.

FORBES: What's Driving Micron's Outlook?

Goldman Sachs analyst James Schneider this morning lifted his rating on memory chip maker Micron Technology to Neutral from Sell, noting that the DRAM industry is responding to weaker demand with significant production cuts.

FORBES: Micron: Goldman Ups To Neutral On DRAM Production Cuts