Micron and Chip Stocks Drop but Nvidia Climbs
Micron and other semiconductor stocks are down, but Nvidia is bucking the trend.
Author:
The iShares PHLX Semiconductor ETF (
SOXX) - Get Report was down 1.4% at closing. Micron, the biggest decliner in the benchmark chip index, fell 5.7% to $80.11.
TST Recommends
The target on the Santa Clara, Calif., company is the highest on Wall Street, according to Bloomberg.
Micron Technology shares fell even after the company reported fiscal-third-quarter net income per share more than doubled on 36% higher revenue.
For the quarter ended June 3, Micron earned $1.74 billion, or $1.52 a share, compared with $803 million, or 71 cents, in the year-earlier quarter. The latest adjusted earnings were $1.88 a share. Revenue reached $7.42 billion from $5.44 billion.
Shaky rumor from Nikkei Asia claims that Apple will delay iPhones with Advanced 3nm Chips until 2023 and Focus on iPads with 3nm in 2022
patentlyapple.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from patentlyapple.com Daily Mail and Mail on Sunday newspapers.
Taiwan Semiconductor Is Ripe for Entry: Here s How I m Playing It
thestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreet.com Daily Mail and Mail on Sunday newspapers.
Banking on China: University of California s China Collaborations Under the Spotlight
theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.