Why Micron Stock Popped Today
Micron (NASDAQ: MU) stock jumped 3.7% through 2 p.m. ET on Thursday, on no obvious good news for the computer memory stock -- but I think we can figure out why Micron popped anyway.
Yesterday evening, if you recall, Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) stock reported its Q2 earnings -- sales up 24% year over year, and earnings up even more. Unfortunately for Alphabet investors, their company then proceeded to point out that AI is fueling its profits, and that for this reason, Alphabet is spending even more money on capital investment in its AI business.
Source Fool.com
Alphabet Inc. A Stock
€308.80
6.790%
With 165 Buy predictions and 2 Sell predictions Alphabet Inc. A is one of the favorites of our community.
With a target price of 334 € there is a slightly positive potential of 8.16% for Alphabet Inc. A compared to the current price of 308.8 €.
