Micron Technology, Inc. ( NASDAQ : MU) 's stock has declined by more than 1% as the company continues to face high competition from market giants like Samsung. Samsung has reduced the price of its DRAM products, which has dented the profit margins of Micron. Micron reported an adjusted net loss for the second quarter of fiscal year 2016 on March 30, which led analysts to point to DRAM competition along with other factors such as the decline in the PC market and plunging mobile sector growth. It was also revealed today by Gartner that PC shipments fell by about 10% year-over-year in the first quarter. Shares of Micron are currently trading 64.91% below their 52-week high.