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
714,50 €
-5,86 %
Klares Buy-Übergewicht bei der Micron Technology Inc. Aktie mit 159 zu 1 Einschätzungen.
Ein Kursziel von 1294 € für Micron Technology Inc. würde eine Steigerung von mehr als 50% gegenüber dem aktuellen Kurs von 714.5 € bedeuten.
