These tech stocks have gotten off to a flying start this year, and may spring a positive surprise following a woeful 2022.
The biggest cloud companies are pulling back on server procurement in 2023, creating a massive headache for component suppliers.
Shares of Micron Technology (NASDAQ: MU) were down as much as 5% on Tuesday before rebounding slightly to a 3.1% decline as of 10:48 AM EDT. While Micron's stock is known to be volatile, today's move was especially notable, as most of the technology sector was up for the day. The reason behind the decline isn't hard to figure out; last night, Korean rival Samsung (OTC: SSNL.F) released its fourth-quarter earnings.