
What Is Going on With Micron Stock on Friday?
Summary
Micron Technology stock showed slight gains in premarket trading on Friday as market participants reevaluated artificial intelligence hardware investments following a leadership change at Nvidia. This shift comes as the wider technology sector responds to recent performance divergence between the two chipmakers over the past five sessions alongside rising index futures.
Micron Technology Inc. (NASDAQ:MU) stock edged little higher in Friday premarket trading as investors reassessed AI-hardware exposure following NVIDIA Corp.’s (NASDAQ:NVDA) leadership transition, while S&P 500 futures rose 0.2%.Micron has gained 16% over the past five days, while Nvidia has fallen 11% over the same period.Nvidia Transition Pressures AI Chip ComplexNVIDIA said Jensen Huang resigned effective immediately as president, CEO…
Source: Read the full story at Top Stories Feed