Technology
After two days of stock market volatility in semiconductor stocks and significant market swings driven by large flows associated with SpaceX, it remains to be seen how AI sector stocks perform today. Micron, a $1.19 trillion market cap company, saw its share price slump 13% on Tuesday, to close at $1,051.77. Yet MU’s stock performance in recent months has been staggering, soaring 726% over the past 12 months and is up 268% since January. Some analysts and investors have expressed concern about such enormous gains, but proponents of AI claim that the earnings for the company are robust. Micron set…
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