MU Jun 2024 67.500 put
- Yahoo Finance Video
Chip sector enters correction territory on demand concerns
The semiconductor industry has come under significant pressure in recent months, with chip stocks such as Nvidia (NVDA) and the broader Philadelphia Stock Exchange Semiconductor Index (^SOX) declining more than 10% from their record highs. This selloff has pushed the overall chip sector into correction territory. The downturn in chip stocks comes from growing concerns about the long-term demand outlook for semiconductors. Yahoo Finance's Seana Smith and Madison Mills breaks down the details. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Angel Smith
- Barrons.com
Arm, AMD, Micron, Cisco, and Other Tech Stocks in Focus Today
Tech companies were struggling for direction early Thursday as the Nasdaq Composite Index tried once again to snap its losing streak.
- Zacks
Micron (MU) May Get More Than $6B to Set Up Factories in the US
Micron (MU) is reportedly to receive more than $6 million in chip grants under the 2022 Chips and Science Act for establishing factories in the United States.
