On July 23, Eastern Time, Micron (MU) shares returned to the $1,000 mark, rising 4% to $1,000 as of press time. The upward movement in Micron's share price was primarily driven by three factors.

TradingKey54 minutes ago

SpaceX Stock Price Forecast: 90% Probability of Merger With Tesla, Can the Stock Price Recover?

On July 23 ET, SpaceX (SPCX) shares hit a new all-time low, dropping to a minimum of $110.85 before rebounding. As of press time, the stock was up approximately 1% at $116.4. Gene Munster, founder of Deepwater Asset Management, stated on Wednesday that the likelihood of a merger between SpaceX and Tesla (TSLA) now appears greater. In a post on the social media platform X, he noted, "Before the conference call, I believed there was an 80% chance of these two companies merging in the next few years. Now, I have raised that probability to 90%."

TradingKey2 hours ago

Micron Shares Rise Nearly 4%, $1,000 Mark Within Reach

Micron shares rose in pre-market trading, nearing the $1,000 threshold once again, primarily driven by robust capital expenditures from Tesla and Google.

TradingKey6 hours ago

Tesla Stock Falls Over 6% After Earnings, Hitting Nearly Three-Month Low

Tesla's profit margins plunged and its free cash flow turned negative, triggering an investor sell-off that sent its shares down more than 6%.

TradingKey7 hours ago

Google, Tesla Post-Earnings Slump Sends Nasdaq Down 2%: Why SK Hynix, Micron and Other Memory Stocks Still Buck the Trend?

On July 23, Eastern Time, the three major U.S. stock indices declined across the board. In their second-quarter earnings reports, both Alphabet (GOOGL) and Tesla (TSLA) saw free cash flow turn negative, as massive capital expenditures pressured their share prices. However, sector performance remained divergent, with memory stocks rising against the trend and the Philadelphia Semiconductor Index edging up 0.09%.

TradingKey4 hours ago

Super Micro Computer (SMCI) Surges 24% - $60B Backlog and Margins Double

Super Micro Computer surged 24% after revealing a $60 billion record backlog and nearly doubling its gross margin guidance to 15-17% from 8.2-8.4%. Revenue came in near the low end. Here is what moved the stock and where it goes next.

TradingKey5 hours ago

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