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Nasdaq Tumbles as Micron and Nvidia Fall Amid AI Sentiment Worries

Guavy AI Editorial Team
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NVDA
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The Nasdaq Composite Index took a hit on Monday, falling 0.61% as Micron Technology led the decline in memory chip stocks.

Micron dropped 6% after a researcher mentioned that AI computing speed is outpacing underlying memory bandwidth at the Hot Chips 2026 conference over the weekend.

The report also sparked concerns about an unsolved bottleneck in the industry, which could lead to slower growth for companies like Micron.

Nvidia, set to release its Q2 2027 earnings on Wednesday, fell 2.1% ahead of the announcement, making it the biggest drag on both the S&P 500 and Nasdaq Composite indices.

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