Micron leads tech selloff while IBM and Edgewell rally on upgrades and deal news

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โดย CNBC·Read original
Summary · why it matters

Micron Technology dropped more than 10% in midday trading, leading a broad tech selloff that also saw Marvell Technology shed 8% and Sandisk lose 11%. IBM rose more than 4% after JPMorgan upgraded the stock to overweight, citing software-driven recurring revenue and margin improvements, and received an additional boost from President Trump's executive order to accelerate quantum computing. Edgewell Personal Care jumped more than 14% after Bloomberg reported the company rejected an unsolicited $30-per-share takeover offer from Yellow Wood Partners as too low. Carnival fell 6% on weaker-than-expected third-quarter guidance, while AMC Entertainment tumbled 25% after announcing a $200 million share sale. SpaceX shares rose almost 6%, recovering after briefly falling below their $150 debut price.

Impact on stocks 21

Artificial Intelligence▲ · 5 stocks
Semiconductors▼ · 3 stocks
Micron Technology Inc
MU
▼ Negativerelevance

Micron dropped more than 10% leading a broad tech selloff with no company-specific cause stated.

Sandisk Corp
SNDK
▼ Negativerelevance

Sandisk lost 11% as part of the broad tech selloff with no company-specific cause stated.

Energy Transition & Power Demand▲ · 3 stocks
Cloud & Digital Infrastructure▲ · 2 stocks
Communication Services▼ · 1 stocks
Consumer Discretionary▼ · 1 stocks
Consumer Staples▲ · 1 stocks
Quantum Computing▲ · 1 stocks
Space Economy▲ · 1 stocks
Industrials▲ · 1 stocks
Digital Finance & Tokenization▲ · 1 stocks
Defense & Geopolitical Fragmentation▲ · 1 stocks

Off-coverage companies 1

Yellow Wood PartnersPrivate± Mixed
relevance

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