MU Jan 2025 52.500 put
| Previous Close | 0.3500 |
| Open | 0.3500 |
| Bid | 0.4200 |
| Ask | 0.4600 |
| Strike | 52.50 |
| Expire Date | 2025-01-17 |
| Day's Range | 0.3500 - 0.3500 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 3.78k |
- Yahoo Finance Video
Chip sector correction is 'a cautious blow': Analyst
The chip sector is undergoing a sector-wide correction as concerns grow around slowing demand for the products. Moor Insights and Strategy Founder and CEO Patrick Moorhead discusses why he believes markets are getting "ahead of [themselves] with some of the doom and gloom." Moorhead notes "there's still this insatiable need" for semiconductor products, saying consumers "just can't get enough." He notes that oftentimes the products require a pairing across companies, so the demand is still there. While uncertainty persists around headwinds such as inflation and geopolitical tensions, he says this has forced investors to adopt "a wait-and-see attitude" in regard to the sector. When asked if he believes markets are overreacting Moorehead tells Yahoo Finance: "I think this is just a cautious blow." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith
- 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.comMicron to Get $6.1 Billion in CHIPS Act Funding for Plants in New York and Idaho
The new fab to be built near Syracuse, N.Y., could create 50,000 jobs, with production from it slated to start at the end of the decade.
