Chipmakers Drag Nasdaq Lower, Rivian Tumbles, Fiserv Gains
Today’s biggest winners and losers in the stock market, a look at the notable movers: On this episode of Stock Movers: A deepening sell-off in chip and memory stocks dragged all four major U.S. equity indexes lower by midday Tuesday. Samsung Electronics set the tone for the broader market overnight. The South Korean memory-chip maker forecast a huge surge in profit, but that wasn’t enough to stop investors from ditching shares. Micron Technology (MU) dropped 5.4%. Intel dropped (INTC) 9.2% and Advanced Micro Devices (AMD) was down 5.6%. Shares of Rivian Automotive (RIVN) tumble…
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