Two big reasons Micron and other chip stocks are falling on Thursday
AI Summary
Micron and other chip stocks took a dive on Thursday as Tesla announced a reduction in its near-term spending target, raising concerns about demand for semiconductor components. Adding to the jitters, Lam Research, a major semiconductor equipment maker, released a forecast that fell short of expectations, signaling potential slowdowns in the semiconductor industry. These developments have investors worried that the semiconductor sector might be facing headwinds that could affect future growth and profitability.
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