Why Micron Stock Just Dropped Again
Warren Buffett just pointed out the obvious -- but investors were still surprised.
Overview
Topsy-turvy Micron (NASDAQ: MU) stock took another tumble on Wednesday, sliding an unlucky 7.7% through 2:50 p.m. ET after Warren Buffett warned that it's becoming "tough to find values when everybody is preferring gambling" on the artificial intelligence revolution and similar themes.
Image source: Micron.
Investors have been running hot and cold on semiconductor stocks like Micron for weeks -- sometimes responding to the very same news with buying or selling, depending on the day of the week.
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.