Tag: market value
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Micron overtakes Meta, Tesla in market value amid relentless AI infrastructure demand
June 25 : Micron Technology edged past the market valuation of Meta Platforms and briefly Tesla’s for the first time on Thursday, after the memory chipmaker’s solid forecast helped extend its AI-driven ascent.The company’s shares were last up 18.4 per cent at $1,236, giving it a market capitalization of $1.39
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Chip selloff erases over $1 trillion in stock market value
June 5 : U.S.-traded chipmakers plunged on Friday, losing over $1 trillion in market value, with deep losses in AI heavy hitters including Nvidia, Micron Technology and Advanced Micro Devices, as Broadcom’s weak report earlier this week reverberated across Wall Street.The PHLX chip index slumped almost 8.5 pe
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