The Latest Breaking News from Micron

The Nvidia GeForce RTX 40 series graphics cards are the company's most powerful GPUs yet — here's what you need to know.

The semiconductor industry is poised to benefit from the substantial demand for chips and surging prices due to the demand-supply imbalance. Furthermore, growing corporate and government investments are expected to boost the industry’s growth. With an added incentive from the Biden administration's bipartisan Act, fundamentally sound semiconductor stocks Micron Technology…

When President Joe Biden signed the CHIPS Act of 2022 into law on Aug. 9, it provided some good news for a number of chip stocks.

Elevated inflation and the Fed’s hawkish stance will likely keep the market volatile in the near term. Therefore, it could be wise to invest in fundamentally sound stocks Micron Technology (MU) and AstroNova (ALOT), which are trading at discounts to their peers. Let’s discuss.

US semiconductor giant Micron is to invest US$40 billion (£33 billion) during the 2020s in chip manufacturing in America, creating 40,000 jobs. This is on the back of incentives in the recent US Chips Act, which has also unlocked major investments from fellow US players Intel and Qualcomm.

The Nasdaq added to the morning's strong gains and is up by 2.5% in the afternoon session.

The Dow Jones fell in choppy action Tuesday while the Nasdaq lost over 1% as chip stocks weighed on the index.

Investors are also uncertain as the market looks toward tomorrow's inflation numbers.

Memory-chip maker Micron Technology on Tuesday warned of weakening demand and lowered its sales target for the current quarter.

Biden’s team has stressed that the CHIPS and Science act is vital to competing with and countering China.

This was supposed to be a week where President Biden celebrated a series of legislative victories. But it was overtaken by news that FBI agents had searched the home of former President Donald Trump.