Market Movers: Micron Soars on CFO Comments

Group 1: Micron Technologies - Micron Technologies is experiencing a significant stock increase, with CFO Mark Murphy addressing "inaccurate reporting" regarding the company's high-bandwidth-memory (HBM) positioning, confirming that HBM4 is in high-volume production [2] - Shipments to customers have ramped successfully in the first quarter, occurring a quarter earlier than initially expected [2] - Morgan Stanley raised its price target for Micron to $450 from $350, citing expectations of continued price increases in DRAM due to ongoing supply shortages [3] Group 2: Apple - Apple shares are declining due to reports of a potential delay in the launch of its Siri AI, which may be pushed from March to September [6] - The delay is attributed to issues uncovered during testing of the AI software used with Siri [6] - Analyst Amit Daryanani from Evercore ISI anticipates that new Apple Intelligence features will be launched at WWDC in June 2026, with the personalized Siri likely debuting with the iPhone 18 Pro in September [7] Group 3: Robinhood Markets - Shares of Robinhood are down approximately 9%, breaking below its previous low, with a potential drop to $63.50 [4] Group 4: Bitcoin Market - Wolfe Research indicates that Bitcoin may face further downside, noting that the average peak-to-trough drawdown during Bitcoin bear market cycles since 2012 has been 75% [5]