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Micron shares fall, pushing chip stocks lower

Shares of Micron Technology fell on Friday, dragging the broader chips sector lower.

The iShares PHLX Semiconductor exchange-traded fund (SOXX) slipped 0.2 percent, with Micron falling about 4 percent to lead the decliners. Shares of chip makers Advanced Micro Devices and Nvidia — last year's best-performing S&P 500 component — also traded lower.

Semiconductors have...