Micron (MU) stock is dropping due to potential China restrictions and weak industry guidance.

From Benzinga: 2024-07-17 12:09:04

Micron Technology Inc MU shares are down 5.19% amid reports of potential restrictions on China by President Biden. Donald Trump’s comments on China-Taiwan tensions also impact the semiconductor sector. The industry’s performance is further affected by ASML’s weak guidance. TSMC’s significance as a key foundry raises concerns for Micron’s market dynamics.

Trump’s remark on Taiwan’s chip business highlights US semiconductor industry’s reliance on Taiwanese manufacturing, sparking fears of supply chain disruptions. Negative sentiment towards TSMC could impact other semiconductor companies like Micron, as investors fret over supply chain stability amid geopolitical tensions.

To buy Micron Technology shares, use a brokerage account. Some platforms offer fractional shares, letting you own portions of stock without buying a full share. For instance, with Micron trading at $121.07, $100 would get you 0.83 shares. To bet against a company, access options trading platforms or brokers allowing you to short sell shares.

MU stock has a 52-week high of $157.54 and a low of $61.75.



Read more at Benzinga: Why Micron (MU) Stock Is Falling – Micron Technology (NASDAQ:MU)