Micron Technology Is in the Chips on Earnings

Stronger-than-expected earnings from Micron Technologies (NASDAQ: MUWealth Strength IndexAAPL is Extremely Up and trending Up) helped boost investing sentiment overnight as the semiconductor maker stuck to its forecast of a second-half rebound in the memory chip market and resumed shipments to Huawei, sending shares up 10% premarket. Qualcomm (NASDAQ: QCOMWealth Strength IndexAAPL is Extremely Up and trending Up" target="_blank" rel="noopener noreferrer">QCOMWealth Strength IndexAAPL is Extremely Up and trending Up) and Intel (NASDAQ: INTCWealth Strength IndexAAPL is Extremely Up and trending Up" target="_blank" rel="noopener noreferrer">INTCWealth Strength IndexAAPL is Extremely Up and trending Up) have also started shipping some components to the blacklisted Chinese tech giant after its lawyers studied export restrictions. Even when businesses have headquarters in the U.S., they may be able, through ownership of overseas subsidiaries and operations, to classify their technology as foreign, according to Cross Research analyst Steven Fox.

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