Why Micron Stock Dropped Today
Is Micron's run done? Wall Street doesn't think so.
Overview
Micron (NASDAQ: MU) stock slipped 2.5% thorugh 2:25 p.m. ET Monday after OpenAI announced over the weekend that it will pause training on some of its artificial intelligence models as it investigates new reports of AI agents going "rogue."
Image source: Micron.
Training AI models -- and even more using AI to answer questions (inference) and operate AI agents requires enormous amounts of memory. All year long, this rise in demand for computer memory has been pushing prices higher for the DRAM and NAND memory chips that Micron produces, boosting sales, profit margins, and bottom-line profits, too.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.