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via finance.yahoo.comMarkets

Micron stock declines 12% as chip sell-off deepens

FROM THE WIRE · FINANCE.YAHOO.COM

Shares of memory chipmaker Micron Technology (MU) tumbled 12% as a chip sell-off deepened on Thursday. Peer SK Hynix (SKHY), along with memory and storage names Sandisk (SNDK), Seagate (STX), and Western Digital (WDC) were all down double-digit percentages during the session.…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe drop in Micron and chip peers weighs on a key sector driving the Nasdaq.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Micron fell 12% during a chip sell-off session.
  2. 02Nvidia and AMD dropped 6% and 13% respectively.
  3. 03The PHLX Semiconductor Index fell 8%.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Micron Technology, Inc.MUStock684.06 USD-3.43%today -13.98%Negative NVIDIA CorporationNVDAStock183.41 USD-1.64%today -8.35%Negative Advanced Micro Devices, Inc.AMDStock417.34 USD-2.84%today -14.62%Negative Broadcom Inc.AVGOStock298.40 USD-2.46%today -8.32%Negative PHLX Semiconductor IndexINDEX:SOXIndex9,180.63-2.14%today -10.60%Negative NASDAQ CompositeINDEX:IXICIndex24,426.00-1.09%today -5.09%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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