Shares of Micron (NASDAQ:MU) are down about 3.5% on the day. About This Article  Shares of Micron are down about $4.50 on the day thanks to Nvidia supplier, SK Hynix. Granted, SK Hynix did post a record quarterly profit.

SK hynix Inc. reported financial results for 2024, with revenues surging 102% to 66.19 trillion won ($46.34 billion), driven by explosive demand for artificial intelligence memory products.

South Korea's SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of advanced chips such as high-bandwidth memory (HBM) used in generative artificial intelligence chipsets.

SK Hynix reports record Q4 earnings, driven by strong AI memory chip sales. Outlook for 2025 dims amid inventory adjustments and geopolitical risks.

Industry sources indicate that thermal issues associated with GB200 have prompted major clients including Microsoft, Amazon, Google, and Meta to reduce their orders, impacting not only Nvidia's product sales and revenue but also creating significant implications for its primary HBM supplier,

SK Hynix, one of the world's largest memory chipmakers, cited semiconductor demand uncertainties for 2025 as Nvidia ( NVDA, Financial) faces votatility in premarket trading Friday.

The U.S. stock market closed higher Thursday, bringing the year-to-date gain of the SPDR S&P 500 ETF Trust SPY to 4%. The S&P 500 climbed 0.5% on Thursday to a record high, lifted by a broad rally that saw all its sectors rise while Big Tech stocks posted mixed results.

My bearish view on Micron has been ill-timed, as the stock has rallied hard since, prompting me to revisit my views. Explore more details here.

Texas Instruments Inc. gave a lackluster earnings forecast for the current period, a sign that demand for electronic components remains sluggish.

Trump's tech stamp; Chiplet Summit announcements; AI diffusion export concerns; Cadence's security acquisition; chiplets; UMC, TI, SK hynix earnings; EU's Chips JU 5 pilot lines; GeSi quantum chips.