Chipmakers, FedEx, Best Buy Fall
On this episode of Stock Movers: - Micron (MU) and Sandisk (SNDK) shares sink amid weakness in the memory sector. A global selloff in the shares of chipmakers dragged US indexes sharply lower amid doubts about the sustainability of the AI-fueled tech rally. - Fedex shares (FDX) fall ahead of earnings. Investors are waiting to hear management’s expectations for the company’s slimmed-down core parcel business following the spinoff of its freight unit earlier this month. - Best Buy (BBY) shares slip after the company said Matt Bilunas will step down as CFO and depart the retailer at…
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