Why Micron Technology Stock Is Sinking Today
Micron Technology(MU) The Motley Fool·2025-01-23 19:18Shares of Micron Technology (MU) were slipping Thursday. The firm's stock is down 2.9% as of 1:25 p.m. ET, but lost as much as 5.4% earlier in the day. The move down comes as the S&P 500 (^GSPC) gained 0.3% and the Nasdaq Composite (^IXIC) fell 0.1%.Despite news of a new artificial intelligence (AI) initiative from the Trump administration, Micron shares were hurt by its rivals' recent earnings report.Losing memoryMicron is a semiconductor firm specializing in memory, supplying Nvidia with the high-bandwidt ...