Motley Fool
Why Are Nvidia, Micron, and AMD Stocks Falling?
As of 3:10 p.m. ET, Nvidia (NASDAQ: NVDA) shares have lost 2.6% of their value, Micron Technology (NASDAQ: MU) is down 4.5%, and Advanced Micro Devices (NASDAQ: AMD) is leading the whole pack lower — down 5.2%. The only real “news,” so far as I can tell, is good news for Micron: the announcement that Fitch is upgrading Micron’s debt rating to BBB, which moves the company’s debt out of the “speculative” category and makes it “investment grade” — indeed, a “good credit quality.”
