WS #10999
Micron (MU) loses ~$78B in market cap after a federal class-action lawsuit is filed, dragging down semiconductor and memory stocks. Firmus announces purchase of 170,000 NVDA GPUs for 2027/28, signaling broadening AI compute demand beyond hyperscalers, bullish for NVDA and AI infrastructure. Alphabet (GOOGL) replaces Verizon in the Dow Jones Industrial Average, with shares up ~3% on the news.
Micron Plunges on Class-Action Lawsuit
Micron (MU) loses ~$78B in market cap after a federal class-action lawsuit is filed, dragging down semiconductor and memory stocks.
Firmus announces purchase of 170,000 NVDA GPUs for 2027/28, signaling broadening AI compute demand beyond hyperscalers, bullish for NVDA and AI infrastructure.
Alphabet (GOOGL) replaces Verizon in the Dow Jones Industrial Average, with shares up ~3% on the news.