Micron (Nasdaq: MU) Micron is down 4.56% premarket after disappointing margin guidance. The memory-chip company's losses can be linked to a China ban on chip sales, despite the company unveiling a supply deal with AI leader Nvidia. The "security review" by China's Cyberspace Administration caused group revenues to fall 40% or just over $4 billion. China has been looking to monopolize the chip sector to gain a foothold on AI technology. Click here to learn how America is fighting back and how one company could soar 525% as a result. CarMax (NYSE: KMX) CarMax is down 12.79% premarket after earnings fall again. The used-car retailer reported fiscal second-quarter earnings and revenue early Thursday as the autoworkers' strike threatens to ramp up used car prices. Retail used unit sales fell 7.4% while comparable store used units sales declined 9%. The company said it will resume stock buybacks in the current third quarter after halting them a year earlier. A hedge against inflation Our Lead Fundamental Tactician Karim Rahemtulla is aware of how inflation has been eating away at the American dollar, which is why he's letting readers in on what he's calling "An Unbeatable Gold Play." This little-known investment kept winning no matter what happened in the stock market. Click here to unlock Karim's latest hedge against inflation. |
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