Nvidia Stock Is Now Cheaper Than a Toilet-Paper Company, Data Shows
Nvidia's forward P/E fell to 15.2x, below Kimberly-Clark's 15.5x. The AI chipmaker now trades cheaper than 22 of 33 consumer staples stocks.
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QUICK SPARK: Micron Stock Drops Below 200-Day Moving Average for First Time Since May 2025
Micron fell below its 200-day moving average Thursday for the first time since May 2025, extending a 24% weekly drop in memory stocks.
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Nvidia, Micron, 8 Other AI Stocks Just Broke Below a Key Technical Support
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Why Micron Stock Keeps Going Down
Micron stock has declined nearly 30% over six trading days amid concerns about Chinese competition. Chinese chipmaker CXMT announced $1 billion in DRAM prepayments and is developing high-bandwidth memory (HBM) chips. However, CXMT faces significant challenges with only 20-30% yield rates on next-generation HBM3E products, suggesting limited near-term threat to Micron's market position where SK Hynix currently dominates.