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07/06 15:32

Micron stock has lost momentum on AI bubble fears:

#World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge #TradFi Trading Strategies Sharing Challenge Micron stock has lost momentum on AI bubble fears: buy, sell, or hold? Micron stock price has pulled back and moved into a local bear market. There have been some major negative AI news recently. The stock may experience some volatility in the near term before rebounding. Micron stock price has plunged and entered a local bear market after falling by over 22% from its all-time high. It slipped to $975 on Thursday, its lowest level since June 11, after a series of negative news. So, is this the start of a new downtrend or just an overreaction? Micron stock dived after a series of negative news MU stock price has pulled back sharply after some negative AI news. Major news came from Bloomberg, which reported that Meta Platforms was planning to sell its excess computing capacity. This report implied a few things. For example, it could be a sign that its vast AI spending is not leading to strong revenue and profitability growth. If this is the case, the company will likely slow its expansion, a major move since it is one of the top hyperscalers. It could also mean that the company has identified a new business opportunity of building data centers and leasing the extra space. Such a move would be highly opportunistic and would possibly lead to more spending over time.  SpaceX has perfected this business model and has inked several major deals recently. It will receive over $1.2 billion a month from Anthropic, $150 million from Reflection AI, and $925 million from Google. Meta may see a similar windfall over time. Micron stock also sank after a group of PC makers launched a lawsuit accusing the company and its peers of price manipulation. At the same time, Apple is putting pressure on the US government to allow it to buy memory from Chinese companies.  Apple argues that such a move will help it maintain the same prices of its

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