Why Micron Stock Got Clobbered Today
Computer memory specialist Micron Technology (NASDAQ: MU) stock tumbled 6.2% through 10:30 a.m. ET Wednesday, and for one simple reason: As you've probably heard, Bloomberg reports that President Trump is planning to take an equity stake in (NASDAQ: INTC).
Image source: Getty Images.
Yes, you read that right. Pursuant to the CHIPS Act passed under the Biden administration to support the U.S. semiconductor industry, Intel was awarded $10.9 billion in grants, but new negotiations between Intel and the White House suggest the Trump administration now wants to convert those grants into a 10% equity stake in Intel, effectively part-nationalizing the company.
Source Fool.com
Intel Corp. Aktie
30,73 €
-3,32 %
Leichte Verkaufsstimmung für Intel Corp.: Mehr Sell- als Buy-Einschätzungen.
Das von der Community festgelegte Kursziel von 23 € für Intel Corp. bedeutet eine mögliche Minderung um über 20% im Vergleich zu 30.73 €.
