One ETF Is Making a Killing on Micron's Stock Meltdown — Can It Keep Cashing In?
MUZ ETF surges over 25% as Micron tumbles. Bullish technical indicators had signaled building momentum, but can the leveraged trade sustain its rally?
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Sandisk stock jumped over 5.5% to $1,134 on Tuesday as AI data center demand surged and a $93.9 billion long-term supply pipeline sparked a powerful memory sector rebound.
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MUZ ETF surges over 25% as Micron tumbles. Bullish technical indicators had signaled building momentum, but can the leveraged trade sustain its rally?
Western Digital Corporation shares fell significantly following reports that incoming Democratic senators are calling for a slowdown in the development of artificial intelligence data centers.
SanDisk plunged nearly 20% as AI and memory stocks sold off after election results raised fears of data-center delays and weaker chip demand.
Ten U.S. tech giants erased about $1.74 trillion in market value Thursday as Nvidia, Micron and AMD led a post-midterm sell-off in AI and chip stocks.
Nvidia, Micron and eight other AI stocks fell below their 200-day moving average this week as the midterm vote hit AI spending bets.
SanDisk's 14-day RSI fell to 26.6 Thursday, its most oversold reading since April 2025, as shares slid 13% and extended a 34% weekly drop.