Why Micron Stock Is Sinking Today
(NASDAQ: MU) stock is getting hit with sell-offs in Tuesday's trading and was down 3.7% as of 1:45 p.m. ET. At the same point in the daily session, the S 500 and the Nasdaq Composite were down 0.8% and 1.9%, respectively. Micron stock had been off as much as 10% earlier in trading.
Valuations for artificial intelligence (AI) chip stocks are taking substantial steps back today in a broad risk-off trade, and investor concerns tied to potential volatility stemming from SpaceX's IPO appear to be a significant factor in the dynamic. Concerns about the next round of inflation data are also a catalyst driving the selling action.
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Source Fool.com
Micron Technology Inc. Stock
€714.50
-5.860%
With 159 Buy predictions and 1 Sell predictions Micron Technology Inc. is one of the favorites of our community.
With a target price of 1294 € there is a hugely positive potential of 81.11% for Micron Technology Inc. compared to the current price of 714.5 €.
