Micron Technology Inc. (NASDAQ:MU) stock is falling on Thursday, primarily due to widespread profit-taking and a “sell the news” reaction following Nvidia Corp.’s (NASDAQ:NVDA) earnings report. The Nasdaq is up 1.26% while the S&P 500 has gained 0.79%.
Despite Nvidia delivering massive revenue figures on Wednesday, investors used the event to lock in gains following a 189.28% year-to-date run in Micron stock.
Nvidia Highlights Memory Supply Constraints
Nvidia highlighted that extreme memory constraints will continue to drive up prices. Colette Kress, chief financial officer of Nvidia, stated on Wednesday that the company is facing “extreme pricing conditions in memory.” She added, “The magnitude of the price increase has exceeded our prior expectations and is headed even higher into next year.” Nvidia buys high-bandwidth memory from suppliers, mainly Micron, SK Hynix Inc. (NASDAQ:SKHY) and Samsung Electronics.
Additionally, the Trump administration is reportedly considering new semiconductor tariffs, raising concerns among tech companies about the potential impact on U.S. leadership in AI.
