Micron, Qualcomm move up while Apple, Nvidia slide in mixed AI trade
U.S. cash markets traded Thursday during normal hours on the New York Stock Exchange, from 9:30 a.m. to 4:00 p.m. ET. It wasn’t just AI stocks bouncing. Some investors picked up shares in chipmakers with limited memory supply, dumping others with higher AI expenses or steeper input costs. By late morning, Micron Technology, SanDisk, Western Digital and Seagate Technology had picked up roughly $239 billion in market cap based on last prices and capitalisations. With Qualcomm included, the gain was near $247 billion. Apple, Nvidia, Microsoft, Alphabet and Oracle had shed around $417 billion using the same method.