Why Micron Technology Stock Is Sinking Today
Shares of Micron Technology (NASDAQ: MU) were slipping Thursday. The firm's stock is down 2.9% as of 1:25 p.m. ET, but lost as much as 5.4% earlier in the day. The move down comes as the S 500 (SNPINDEX: ^GSPC) gained 0.3% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) fell 0.1%.
Despite news of a new artificial intelligence (AI) initiative from the Trump administration, Micron shares were hurt by its rivals' recent earnings report.
Micron is a semiconductor firm specializing in memory, supplying Nvidia with the high-bandwidth memory (HBM) components necessary to build Nvidia's AI-powering Superchips. The relationship is not exclusive, however. Among Micron's rival Nvidia suppliers is SK Hynix.
Source Fool.com
Micron Technology Inc. Aktie
192,22 €
-2,84 %
Starke Kaufsignale für Micron Technology Inc.: Keine Sell-Einschätzungen, nur Buy-Einschätzungen.
Das von der Community festgelegte Kursziel von 231 € für Micron Technology Inc. bedeutet eine mögliche Steigerung um über 20% im Vergleich zu 192.22 €.
