Micron, Semtech, Microsoft up; AT&T, InterDigital, Trucking down

CNBC April 1, 2024, 06:00 PM UTC

Summary: Micron Technology's shares surged 6% after Bank of America raised its price target, predicting high-bandwidth memory demand to exceed $20 billion by 2027. Semtech's stock rose 6% on beating revenue expectations with $192.9 million. Microsoft's shares increased 0.7% amid plans for a $100 billion data center project with OpenAI. AT&T shares dropped 1.4% due to a data leak affecting over seven million customers. Universal Health Services faced significant damages. InterDigital shares fell 6% after a downgrade. Trucking stocks declined following a Barclays downgrade. Bill Holdings and Oxford Industries also experienced stock drops. MicroStrategy's shares slipped 3% after an executive sold shares. Tesla's stock fell 2% despite a Model Y price increase.

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Timeline:

  1. [3.9]
    Stock movements: Hertz, Block downgraded; Zeta, Levi, Conagra up. Intuitive Machines wins NASA contract (CNBC)
    156d 13h
    Source
  2. [6.3]
    Tesla shares drop 6% on delivery decline (CNBC)
    158d 7h

  3. [4.8]
    Stocks dip, Dow falls 0.7%; Home Depot drops (Investor's Business Daily)
    159d 5h
    Source
  4. [5.3]
    Stock market movements: Micron, 3M up; J.B. Hunt, C.H. Robinson down (CNBC)
    159d 12h

  5. [4.3]
    Stock market movements: Boeing up, Masimo up, Super Micro up, Cleveland-Cliffs up, Semiconductor up, Disney up, Foot Locker up, Rivian down, GameStop up, Digital World Acquisition Corp. up, United Airlines down (CNBC)
    166d 8h
    Source