Why Micron (MU) Stock Is Trading Higher
Portfolio Pulse from Henry Khederian
Micron Technology Inc (NASDAQ:MU) shares are trading higher by 7.2% due to strong earnings from Advanced Micro Devices, Inc. (AMD) and potential exemptions from new export restrictions to China. This positive sentiment is lifting the entire semiconductor sector.
July 31, 2024 | 4:52 pm
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Micron Technology shares are up 7.2% due to strong earnings from AMD and potential exemptions from new export restrictions to China. This positive sentiment is lifting the entire semiconductor sector.
Micron Technology is benefiting from strong earnings reported by AMD, which boosts investor sentiment across the semiconductor sector. Additionally, potential exemptions from new export restrictions to China for key countries ensure a stable supply chain, further supporting Micron's stock price.
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