Micron, Marvell lead chip stocks lower in AI trade reversal
What happened: Micron (MU) reversed gains on Tuesday, sinking into negative territory. Memory and storage maker Sandisk (SNDK) also declined after initially opening in green territory along with custom chipmaker Marvell Technology (MRVL). What’s behind the move: The declines on Tuesday came ahead of Wednesday’s Consumer Price Index (CPI) report, giving investors clues over how…
