Why Micron Stock Dropped Today
Micron (NASDAQ: MU) stock slid 3.9% through 11:05 a.m. ET as investors caught a case of the Mondays -- and resumed worrying about the durability of high prices for memory chips used in the artificial intelligence industry.
Image source: Micron.
South Korea's SK Hynix (NASDAQ: SKHY), now trading on Nasdaq as an American Depositary Receipt, is the likely catalyst for today's decline in Micron's price. SK shares soared 14% on their Nasdaq debut before turning tail this morning and selling off by more than 6%. Micron stock is following SK stock lower, and it's not too hard to understand why.
Source Fool.com
Micron Technology Inc. Aktie
714,50 €
-5,86 %
Die Micron Technology Inc. Aktie genießt hohe Beliebtheit: Mehr Buy- (158) als Sell-Einschätzungen (1).
Das von der Community festgelegte Kursziel für Micron Technology Inc. von 1294 € impliziert eine deutliche Steigerung gegenüber dem aktuellen Kurs von 714.5 €.
