Why Micron Technologies Stock Was Flopping on Friday
The latest pronouncement from President Trump on tariffs for microchips had investors concerned about chipmakers on Friday. One of the victims was a sector mainstay, Micron Technologies (NASDAQ: MU), whose share price closed more than 3% down that day. That was a far steeper fall than the 0.3% dip posted by the S 500 (SNPINDEX: ^GSPC) at that point.
Before market open that day, Trump was quoted by news agency Reuters as saying, "I'll be setting tariffs next week and the week after on steel and on, I would say, chips." He made this remark aboard Air Force One, on the way to Alaska for his summit meeting on the Ukraine war with Russian President Vladimir Putin.
Image source: Getty Images.
Source Fool.com
Micron Technology Inc. Aktie
354,00 €
-1,31 %
Micron Technology Inc. ist ein klarer Community-Favorit mit mehr Buy- als Sell-Einschätzungen.
Das Community-Kursziel von 425 € für Micron Technology Inc. deutet auf eine deutliche Steigerung um mehr als 20% gegenüber dem aktuellen Kurs von 354.0 € hin.
