|Cost Of Revenue||4.4B||-10%|
Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
A stock market rally attempt started midweek, but it's not a confirmed uptrend yet. Nike, Costco, Amazon and Meta were newsmakers.
In today's video, I discuss updates affecting Intel (NASDAQ: INTC), Qualcomm (NASDAQ: QCOM), Micron Technology (NASDAQ: MU), Advanced Micro Devices (NASDAQ: AMD), ASML Holdings (NASDAQ: ASML), and other semiconductor companies.
MU stock fell after Micron gave mixed guidance. The memory-chip maker reported weak fourth-quarter results that topped estimates.
Wall Street's main indexes ended higher on Thursday as investors assessed the latest batch of economic data and as a surge in Treasury yields stalled ahead of a key inflation report. Investors were also watching developments in Washington to see whether U.S. lawmakers could avert a government shutdown.
Micron sees ongoing losses liked to a China ban on chip sales even as it unveiled a developing supply deal with AI leader Nvidia.
Wall Street's main indexes gained on Thursday as investors assessed the latest batch of economic data and as Treasury yields steadied ahead of a key inflation report. Investors were also watching developments in Washington to see whether U.S. lawmakers could avert a government shutdown.
↘️ [**GameStop (GME)**](https://www.wsj.com/market-data/quotes/GME): The videogame retailer named [Ryan Cohen](https://www.wsj.com/business/gamestop-names-ryan-cohen-as-chief-executive-b45770a9) as its chief executive officer, a role for which he won't receive compensation, following a lengthy stretch without a CEO.
CarMax reports a revenue decline in its fiscal second quarter, Jabil posts better-than-expected adjusted earnings, and Chico's is being acquired for $1 billion.
Micron Technology released its latest quarterly report Wednesday evening and traders reacted by selling. In this daily bar chart of MU, below, I can see that the share price of MU moved sharply lower Thursday morning and approached the rising 200-day moving average line. The daily On-Balance-Volume (OBV) line is up from its early July low.
On Wednesday, Micron Technology Inc (NASDAQ: MU) guided for a wider than expected first-quarter loss that triggered concerns of a sluggish recovery in data centers market, causing its shares to drop 2.4%. As it prepares to ramp up production of new product lines, Micron also revealed it is working to become a supplier to Nvidia Corporation (NASDAQ: NVDA) but even its better-than-expected results were overshadowed by the first quarter loss forecast and a later than anticipated return to a positiv