Chip stocks that notched record rallies in second quarter start Q3 with a dud

According to CNBC, Micron Technology had a spectacular second quarter, jumping two hundred forty percent. But on Wednesday, the semiconductor maker's fortune reversed. The stock dropped eleven percent in a single session, wiping out nearly two hundred billion dollars in market value. The collapse raises questions about whether this is a temporary stumble or the start of a longer retreat.

Listen to this story

Hear this and more stories in a personalized audio briefing.

Open The Chonkerton