Why Did Micron Stock Bounce Back Today?
Micron (NASDAQ: MU) stock got caught in an epic sell-off last week as semiconductor chip stocks lost $1 trillion in market capitalization. Micron crashed 13.5% Friday -- but today it's bouncing back.
Shares of the computer memory specialist gained 6.9% through 10:20 a.m. ET Monday, and investors may have Nvidia (NASDAQ: NVDA) CEO Jensen Huang to thank for this. As StreetInsider.com reports, Huang says we are still just at "the outset of the AI revolution," which has more room to run.
Image source: Micron.
Source Fool.com
Micron Technology Inc. Aktie
721,10 €
0,92 %
Die Community sieht Micron Technology Inc. positiv: Viel mehr Buy- als Sell-Einschätzungen.
Für Micron Technology Inc. sieht die Community ein Kursziel von 1294 €, was eine erhebliche Steigerung um über 50% gegenüber dem aktuellen Kurs von 721.1 € bedeutet.
