Why MicronStock Dropped on Thursday

Published October 8, 2026 · Category: Finance

Overview

Micron (NASDAQ:MU) stock tumbled in Thursday trading, closing the day down 4.8% -- but the news wasn't as bad as you might think.

Bond yields declined Thursday, suggesting the cost Micron customers bear when financing their purchases of memory chips won't climb forever. Furthermore, minutes released from the last meeting of the Federal Reserve Open Markets Committee indicate the Fed may not keep raising interest rates to combat inflation -- also good news for debtors.

Details

Unfortunately for Micron investors, that wasn't all the news that came out Thursday. As CNBC reports, OpenAI just confirmed that its annual recurring revenue as of the end of September was only $50 billion -- not the $68 billion previously posited.

Continue reading

Source

Originally published at www.fool.com.

Related Articles

• Feel like a pumpkin-spice burrito? Analysts try to wrap their heads around a possible Starbucks-Chipotle tie-up.
• Stock Market Today, Oct. 8: Tech Stocks Slide as Treasury Yields and Oil Prices Surge
• SpaceX deal to acquire spectrum license hammers shares of AT&T, Verizon and T-Mobile