Micron Technology Inc. (NASDAQ:MU) stock fell on Thursday after Samsung Electronics Co.
Ltd. (OTC:SSNLF), a major memory-chip competitor, reported quarterly profit below analyst estimates.
Microsoft Corp. (NASDAQ:MSFT) and Alphabet Inc.
(NASDAQ:GOOG) (NASDAQ:GOOGL) also reported capital spending below expectations. 4%.
7 billion average analyst estimate, according to StreetAccount as cited by CNBC. 09 billion analysts expected.
52 billion) late Wednesday, up about 783% from a year earlier, CNBC reported. 66 trillion.
Samsung stock fell nearly 6% in Seoul. Samsung said AI-driven demand is likely to tighten memory supply further in 2027 than in 2026.
SK Hynix Inc. (NASDAQ:SKHY) has said it expects demand to exceed supply through 2030.
2% below its 50-day SMA, which keeps rallies from gaining traction. 3% above its 200-day SMA, a reminder that the bigger uptrend hasn’t broken.
69, which points to neutral momentum rather than an oversold "snapback" setup. The moving-average structure also explains the choppiness: the 20-day SMA is below the 50-day SMA (bearish near-term), while the 50-day SMA is still above the 200-day SMA (bullish longer-term).
From a timing perspective, the stock’s recent swing low in August and swing high in September frame the current pullback as a test of whether buyers will defend the post-summer uptrend. 93 at the time of publication on Thursday, according to Benzinga Pro data.
