Are technology stocks expensive? Micron and two major potential stocks are rising against the trend, showing plenty of highlights!
Despite the overall high valuations of technology stocks and the pressure from rising bond market yields, there are still opportunities to be found.
Jim Cramer Expresses Strong Confidence in Micron Technology, Inc. (MU): "I Like It Very Much"
Tech Stocks Are Expensive. Micron and 2 Others That Look Cheap -- and Have Momentum. -- Barrons.com
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Express News | U.S. stocks after hours: Tesla rises over 2.5%, NVIDIA and Taiwan Semiconductor rise over 1%.
Top 20 by transaction amount | ITCI rose over 34%, Johnson & Johnson plans to acquire the company; Semiconductor stocks fell, Micron dropped over 4%, Taiwan Semiconductor dropped over 3%.
On Monday, the trading volume of the US stock market ranked first, NVIDIA closed down 1.97%, with a transaction volume of 26.797 billion dollars; second place Tesla closed up 2.17%, with a transaction volume of 26.066 billion dollars; fifth place Meta Platforms closed down 1.22%, with a transaction volume of 6.476 billion dollars.
Express News | Micron Technology Files Pricing Term Sheet for Offering of $1 Bln 5.80% Senior Notes Due 2035 - SEC Filing
Micron Technology Options Spot-On: On January 13th, 202.37K Contracts Were Traded, With 1.96 Million Open Interest
On January 13th ET, $Micron Technology(MU.US)$ had active options trading, with a total trading volume of 202.37K options for the day, of which put options accounted for 36.79% of the total
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"No one survives"! Popular Technology stocks fell across the board, with MSTR down over 7%, Palantir down nearly 6%, and NVIDIA down almost 5%.
Last Friday, the chip stocks that led the decline in the US stock market continued to fall, with Micron Technology dropping over 6% at one point; AppLovin, which had the highest increase in the Nasdaq last year, fell over 3% intraday; Algo "meme stocks" collectively experienced double-digit declines, with D-Wave Quantum falling over 30% intraday. Following last Friday's employment report that dampened rate cut expectations, the US stock market faced additional Bearish news: the Biden administration announced AI-related export controls; NVIDIA's new generation Datacenter chip was reported to have received order cancellations from customers due to malfunction.
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Unusual Options Activity: ACI, MRNA and Others Attract Market Bets, ACI V/OI Ratio Reaches 357.1
EST Jan 13th Morning Delivery - In the last two hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options trends.
Shares of Technology Companies Are Trading Lower Amid the White House's Decision to Restrict AI Chip Exports.
UBS Maintains Micron Technology(MU.US) With Buy Rating, Maintains Target Price $125
Express News | The three major US stock indices opened lower, with the Dow down 0.17%, the Nasdaq down 1.35%, and the S&P 500 Index down 0.89%. Chip stocks broadly declined, with NVIDIA falling over 4%, Taiwan Semiconductor and Micron Technology down nearly 4%, and ASML
Express News | The USA issued export control measures on AI, and China's Ministry of Commerce stated: firmly opposed and will take necessary measures to safeguard its legitimate rights and interests.