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A second straight cool inflation reading and a wave of upbeat bank earnings pushed the Dow and small caps higher by midday Wednesday, even as a selloff across memory-chip and hardware stocks dragged the Nasdaq 100 into the red. Headline producer prices dropped 0.3% in June versus expectations for no change, with the an
Samsung and SK Hynix to build four new chip plants in South Korea as part of a $520 billion AI push.
Micron, Western Digital, and SanDisk have surged as demand for AI infrastructure reshapes the memory market, with SanDisk leading the rally but Micron appearing as the cheapest on valuation metrics
Micron and Sandisk lead a sharp tech selloff in a ‘gut-check’ moment for AI stocks
Micron Technology is set to report third-quarter financial results after market close on Wednesday, with analysts expecting revenue of $35.01 billion and earnings per share of $20.20
Micron and Sandisk lead a sharp tech selloff in a ‘gut-check’ moment for AI stocks