Why Micron Stock Finally Popped Today
The AI narrative just shifted again, and now Micron is popular again.
Overview
Is Micron (NASDAQ: MU) stock just a momentum stock now?
It kind of feels like it. After falling more than 25% over the past four trading days, shares of the semiconductor memory stock took off like a rocket this morning, surging 9.6% through 9:40 a.m. ET.
Details
The reason for this, says HSBC, is competing "narratives" about what's going on in artificial intelligence.
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.