๐ Micron $MU slides ~5% premarket as SK Hynix HBM4 miss spooks memory stocks
Micron is gapping down roughly 5% this morning after Korean rival SK Hynix posted Q2 profit estimates 8% below consensus, blaming slower-than-expected shipments of next-gen high-bandwidth memory (HBM4). That is a direct read-through for MU, which competes in the same market. Intel ($INTC) is also in the red. The chip sector has already shed over a trillion in market cap in early July as Wall Street questions whether AI hardware spending can hold its pace. Not financial advice. Do you buy the dip in MU here or wait for more clarity?
โก 53 buzzing
445 views
๐ 0 subscribed