Why Intel, Taiwan Semiconductor, and Micron Stocks All Dropped Today
Nvidia's (NASDAQ: NVDA) Global Technology Conference 2024 (GTC 2024) kicked off on Monday, full of "sizzle and substance" (said Bank of America), but also offering "no big surprises" (according to Morgan Stanley). Investors who had been hoping for more are selling off Nvidia stock modestly today -- down 2.2% through 11 a.m. ET -- on Tuesday morning. And they're not the only ones selling.
Taiwan Semiconductor Manufacturing (NYSE: TSM) stock is also down 2.2% today, and Intel's (NASDAQ: INTC) off 2.6%. (NASDAQ: MU), which has been bundling its high bandwidth memory chips along with the artificial intelligence (AI) chips that Nvidia is selling, is suffering a 1.5% sell-off, as well.
There may be two reasons for this.
Source Fool.com
Micron Technology Inc. Stock
€135.58
1.760%
Our community is currently high on Micron Technology Inc. with 76 Buy predictions and 5 Sell predictions.
However, we have a potential of -1.17% for Micron Technology Inc. as the target price of 134 € is below the current price of 135.58 €.
