(Bloomberg) -- A Chinese chipmaker was cleared of economic espionage and other criminal charges in a setback for a US Justice Department crackdown on intellectual property theft by China.Most Read from BloombergHow Much Wealth You Need to Join the Richest 1% Around the WorldApple to Wind Down Electric Car Effort After Decadelong OdysseySupreme Court Immunity Case Jeopardizes Trump Trial Pre-ElectionThis Is Where New Migrants Are Going When They Reach the USFlawed Valuations Threaten $1.7 Trillio
Citi’s Christopher Danely reaffirmed a Buy rating on Micron stock and reiterated his target of $95 for the price.
Micron Technology (MU) announced a partnership with Samsung (005930.KS) to use Micron's memory cards in the Galaxy S24 smartphone line, enabling enhanced AI capabilities on devices. Zoom Video (ZM) stock rose after the company reported better-than-expected fourth-quarter results. Zoom also announced a $1.5 billion share buyback program, pointing to optimism about future growth prospects. AutoZone (AZO) shares gained ground following strong second-quarter results driven by DIY auto parts sales. Earnings exceeded expectations as consumers spent more on maintaining and repairing older vehicles themselves amid inflationary pressures. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith