Nvidia provided negative news on Monday and Micron followed up with more on Tuesday. Here's the trade. Read More...
Bloomberg
Micron’s Warning Adds to Evidence of Collapsing Chip Demand
(Bloomberg) — Micron Technology Inc., the leading US maker of memory semiconductors, became the latest chipmaker to declare that demand is falling off rapidly. It warned investors that revenue won’t meet projections, sending industry stocks tumbling.Most Read from BloombergTrump Under Intense Legal Scrutiny After FBI Searches Mar-a-LagoTrump Search Was Unprecedented, But Records Case Will Be ToughChina Seizes on Pelosi Visit to Set ‘New Normal’ for TaiwanSan Francisco ‘Froth is Gone’ as Wealth
