Did Alphabet Just Say Checkmate to Micron?
(NASDAQ: GOOG) (NASDAQ: GOOGL) just dropped a bombshell that is sending waves through the stock market, especially in the memory chip sector.
Before Alphabet's announcement, the assumption was that memory capacity for AI computing chips would be in a supply constraint for several years, leading to soaring memory prices.
However, Alphabet's latest breakthrough may have changed that notion, which has triggered a sell-off in Micron's (NASDAQ: MU) stock, one of the leading memory unit providers. The damage isn't just isolated to Micron; it has also affected Sandisk and SK Hynix, other leading memory providers.
Source Fool.com
Alphabet Inc. A Stock
€328.10
1.000%
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