Trading

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

Follow Tech & Money Press for daily watchlists and market news

XFacebookInstagramTikTok
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.
About UsContactPrivacy PolicyDisclaimer
Not financial advice. Curated headlines link to their original publishers.