Semiconductor Shake-Up: Micron Surges as Samsung Cuts, TSMC Reveals Declining Revenue

By Jose Najarro – Apr 11, 2023 at 5:30AM

NASDAQ: MU

Micron Technology

Market Cap

$121B

Today's Change

(2.20%) $2.35

Current Price

$109.12

Price as of April 22, 2024, 4:00 p.m. ET

Micron Technologies stock surged Monday amid Samsung's memory-chip production cuts.

The memory market is experiencing one of the biggest downturns, causing Micron Technologies' (MU 2.20%) earnings to plummet. But could recent Samsung news be a turning point for Micron investors? Also, Taiwan Semiconductor Manufacturing (TSM 1.60%) reported its March 2023 revenue numbers. Check out the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were the market prices of April 10, 2023. The video was published on April 10, 2023.

Jose Najarro has positions in Taiwan Semiconductor Manufacturing. The Motley Fool has positions in and recommends Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.