Tech Giants Lead Market with Mixed Results as Micron's Earnings Impact Sector
Amazon hits $2 trillion valuation while Micron's earnings report challenges AI and chip stocks
- Micron's earnings exceeded expectations but led to a decline in tech stocks due to cautious guidance.
- Amazon's stock surged, surpassing a $2 trillion market cap for the first time.
- Tesla shares rose significantly, breaking out from a consolidation phase.
- Nvidia experienced volatility, reflecting broader market uncertainty despite AI sector growth.
- Market breadth remains weak, with megacap tech stocks driving the majority of gains.
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