Why Micron, Nvidia And AMD Shares Are Moving Lower Premarket Monday
Portfolio Pulse from Shanthi Rexaline
Micron Technology shares fell sharply in premarket trading after China announced a ban on the company's products due to potential network security issues. Other chipmakers, including AMD, Nvidia, and Intel, also experienced declines in their share prices.
May 22, 2023 | 10:57 am
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NEGATIVE IMPACT
AMD shares fell 1.41% in sympathy with Micron's decline, as the company has significant exposure to the Chinese market.
Although there is no explicit announcement from China regarding AMD's products, the company's significant exposure to the Chinese market makes it vulnerable to similar regulatory actions. This uncertainty may lead to a short-term negative impact on AMD's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Intel shares declined 0.57% in sympathy with Micron's decline, as the company has significant exposure to the Chinese market.
Although there is no explicit announcement from China regarding Intel's products, the company's significant exposure to the Chinese market makes it vulnerable to similar regulatory actions. This uncertainty may lead to a short-term negative impact on Intel's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Micron shares fell after China banned its products due to potential network security issues, posing a major security risk to China's critical information infrastructure.
Micron's ban in China directly affects its sales and revenue, leading to a negative impact on its stock price. The ban is a major security concern for China's critical information infrastructure, increasing the importance of this news for investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Nvidia shares fell 1.36% in sympathy with Micron's decline, as the company has significant exposure to the Chinese market.
Although there is no explicit announcement from China regarding Nvidia's products, the company's significant exposure to the Chinese market makes it vulnerable to similar regulatory actions. This uncertainty may lead to a short-term negative impact on Nvidia's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70