Tech stocks Micron (MU), SanDisk (SNDK), and Qualcomm (QCOM) face pressure as rising US interest rates dampen momentum. Analysts note MU may find support around $1,000 with a target near $1,300, while SNDK could bounce between $1,950 and $2,400. QCOM is at a critical support level between its 50-day and 200-day moving averages, with a breakdown below the 200-day EMA seen as negative. The upcoming US jobs report adds uncertainty, influencing cautious trading ahead of the Independence Day holiday.
Micron Technology is facing a slowdown in its memory price gains due to easing shortages in the supply chain and a shift in production capacity by competitors like SK hynix. While high-bandwidth memory (HBM) demand has pushed prices up, this is canni...
Federal Reserve Chair Kevin Warsh stated inflation remains too high with no clear indication of a July rate change, keeping markets cautious. Semiconductor stocks fell as investors took profits following an 80% surge in the first half of the year. Wa...
The FTSE 100 fell by 54 points to 10,443 amid mixed UK manufacturing data and flat house prices. Oil prices fluctuated due to ongoing indirect US-Iran talks in Doha, causing market uncertainty. US tech stocks, especially chipmakers like Micron and Sa...
Memory chip stocks like Micron, Samsung, and SK hynix have become major winners from the AI boom, each now valued over $1 trillion. Increased AI processor demands have led to widespread shortages in key memory types, giving these companies strong pri...
In the first half of 2026, the Nasdaq-100 index rose about 20%, with Micron Technology's stock rally responsible for more than a quarter of those gains. Micron's share price quadrupled, pushing its market value to $1.3 trillion. This concentration of...
