Why Micron Stock Is Sinking Today
(NASDAQ: MU) stock is getting hit with another round of sell-offs in Friday's trading. The company's share price was down 2.8% as of 12:45 p.m. ET. At the same point in the daily session, the S 500 and the Nasdaq Composite had fallen 1.2% and 1.3%, respectively. The memory-chip leader's stock had been down as much as 5% earlier in the session.
Stocks are falling today as investors react to a weaker-than-expected jobs report and ongoing concerns about the war with Iran. Micron stock may also be under pressure due to a new report suggesting that artificial intelligence (AI) processors from Nvidia and AMD could soon face greater export restrictions.
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Source Fool.com
Micron Technology Inc. Aktie
365,10 €
-5,32 %
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