22 May '23 at 10:30 am #58973
Keymaster
Some semiconductor stocks are notably weak today after the Cyberspace Administration of China concluded Micron (MU 65.41, -2.75, -4.0%) products present a cybersecurity risk and notified critical information infrastructure operators in China to stop using Micron products.
MU peers Qualcomm (QCOM 104.21, -1.68, -1.6%) and Broadcom (AVGO 674.77, -7.48, -1.1%) trade down in sympathy.
The PHLX Semiconductor Index is down 0.2%.