Editor’s Note: Shares of Micron were down 3.77% at the time of publication
Micron Technology Inc (NASDAQ:MU) shares are trading lower by 3.77% to $115 Thursday morning. Semiconductor stocks are rebounding amid Taiwan Semiconductor Mfg. Co. Ltd. reporting a second-quarter earnings beat. Semiconductor stocks fell Wednesday as reports suggested President Biden might implement additional restrictions on China.
This comes alongside Republican nominee Donald Trump's remarks about the China-Taiwan conflict during a Bloomberg interview. The sector's performance is also impacted by weak guidance from ASML.
TSMC plays a vital role as a foundry for numerous semiconductor companies, including several based in the United States. Although Micron produces ...
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