With the recent proceedings leading to the plunging prices for memory solutions, the stocks for Micron Technology (MU) is bound to suffer as stated by Baird based analyst Tristan Gerra. With the decreasing prices, the analyst lowered his ratings from Outperform to Underperform for the shares of the company. He cited that the company is bound to expect lower ends in terms of profits in the upcoming days.

Gerra also wrote that the continuous pattern of deterioration in NAND and DRAM pricing leads straight to the model eight of consecutive quarters for gross margin & EPS contraction. The outlook for NAND continues to showcase a depleting pattern with the contract pricing that is expected to drop down for the upcoming two quarters.

The DRAM is short for Dynamic Random-Access Memory, which is something used for the servers and desktop computers. On the other hand, NAND is a flash memory that is used for solid-state drives and smartphones. Currently, the shares for the company are down by 20 percent in a term of 3 months while the investors are worried about the depleting prices of semiconductor cycle.

Micron ranks as the 2^nd largest producer for memory solutions at a global level. It also owns memory-wafer based factories at locations such as Japan, Singapore, Taiwan, and the U.S.