NVIDIA, Micron, SMCI Stocks Are Down Monday: What's Going On?
Portfolio Pulse from Erica Kollmann
NVIDIA, Micron, and SMCI stocks are down due to concerns over an AI 'bubble', geopolitical tensions, and company-specific issues. Micron's market value has significantly decreased, and a recent short report and delayed filing have affected SMCI. NVIDIA faces geopolitical challenges but reports strong demand for its chips.
September 16, 2024 | 4:40 pm
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NEGATIVE IMPACT
Micron's stock has lost significant market value, with a lowered price target from Raymond James. Investors await Q4 results.
Micron's stock is under pressure due to a significant market value loss and a lowered price target. Upcoming Q4 results are crucial for investor sentiment.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
NVIDIA shares are down due to less-than-impressive Q2 results and geopolitical tensions, despite strong demand for Blackwell chips.
NVIDIA's stock is affected by geopolitical tensions and investor disappointment in Q2 results. However, strong demand for its chips could mitigate some negative impacts.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
SMCI shares are down following a short report and delayed 10-K filing, raising investor concerns.
SMCI's stock decline is driven by a negative short report and delayed financial filing, which have raised red flags for investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85