Why Micron Stock Is Up After the SpaceX IPO
AI companies like SpaceX need lots of AI chips -- and lots of memory chips from Micron to help them work.
Overview
Micron (NASDAQ: MU) stock defied today's market sell-off to jump 3.5% through 3:40 p.m. -- and for a reason that may surprise you.
In a note earlier this week, Canadian private equity shop Lynx Equity told investors that even though the SpaceX (NASDAQ: SPCX) IPO is over, and even after the space company's shares are up 28% from Monday's opening price, there's still a way for investors to make money on the SpaceX IPO: by buying Micron (NASDAQ: MU) stock.
Image source: Micron.
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.