Why Micron Stock Popped Today
Google just gave investors another reason to love Micron stock.
Overview
Micron (NASDAQ: MU) stock jumped 3.7% through 2 p.m. ET on Thursday, on no obvious good news for the computer memory stock -- but I think we can figure out why Micron popped anyway.
Yesterday evening, if you recall, Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) stock reported its Q2 earnings -- sales up 24% year over year, and earnings up even more. Unfortunately for Alphabet investors, their company then proceeded to point out that AI is fueling its profits, and that for this reason, Alphabet is spending even more money on capital investment in its AI business.
Details
Source
Originally published at www.fool.com.
Related Articles
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.