Tesla spending cut and Lam forecast spook chip stocks
Investors are spooked by Tesla’s cut to its near-term spending target and Lam Research’s weaker-than-expected forecast, causing Micron and other chip stocks to fall.
Original · MarketWatch AI summary of public reporting
Why: Tesla spending cut + Lam weak forecast → chip stocks fall
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Prices since publication
At publication → CurrentMU873.29 → 863.57−1.1%
TSLA382.52 → 379.43−0.8%
NVDA213.38 → 213.03−0.2%
AMD510.95 → 511.58+0.1%
AVGO322.80 → 325.61+0.9%
SMH527.91 → 526.27−0.3%