Investing / Technology
Add as a preferred source on GoogleMicron was down 1.7% in early Friday trading, with shares at $784.72. Nvidia’s earnings report is due Tuesday.
Micron Technology’s 16% rise over five sessions diverged from an 11% decline in Nvidia, highlighting a split in performance among U.S.-traded semiconductor stocks.
During early Friday trading, Micron fell 1.7% and traded at $784.72. Its five-session return remained positive, while Nvidia’s shares fell 11% over the same period.
Micron will be able to make major share repurchases starting Dec. 9. Nvidia’s earnings report is due Tuesday.
The document is dated Aug. 21, but that date is not confirmed as the day the shares were sold.
Monday’s advance followed a 4% rise Friday, giving the stock gains in two consecutive sessions.
Lam Research gained 2.2%; Advanced Micro Devices rose 2%, and Micron Technology advanced 1.9%.
