
Micron and Qualcomm Forecasts Fuel AI Chip Stock Rally
Positive forecasts from Micron and Qualcomm have ignited a significant rally in AI chip stocks, contributing to a mixed performance in the US stock market. While some investors celebrate the ongoing AI rally, a chip selloff led by Micron weighed on the Nasdaq, and Bitcoin fell below $60,000.
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US stock market today: Markets close mixed as Micron-led chip selloff weighs on Nasdaq, Bitcoin falls below $60K
US stocks closed mixed as Micron and chip stocks fell ahead of earnings. Bitcoin dropped below $60K, while Wendy's surged on retail investor buying.
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