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Why Did Micron Stock Bounce Back Today?

The Motley Fool·
Why Did Micron Stock Bounce Back Today?

Micron stock rebounded 6.9% Monday after a 13.5% crash Friday, buoyed by Nvidia CEO Jensen Huang's comments that the AI revolution is just beginning. However, Nvidia's new multi-year partnership with SK Hynix to develop advanced memory chips and AI factories may actually hurt Micron's market share, as Nvidia could favor SK Hynix memory over Micron's products.

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