The bears will argue that macroeconomic headwinds -- especially inflation, rising interest rates, supply chain disruptions, and a potential recession -- will make the next few years much more challenging for Micron. Micron Technology (NASDAQ: MU) is one of the world's largest producers of DRAM and NAND memory chips. During Micron's latest conference call, CFO Mark Murphy said the market's "long-term demand trends remain constructive" but "select market weakness and macroeconomic uncertainty" would impact its "near-term outlook and visibility."