No BS Just Facts logo
No BS Just Facts
It might be boring, but it's just the facts.

← All stories · business

CNBC

Chip stocks that notched record rallies in second quarter start Q3 with a dud

Wednesday, July 1, 2026


Memory maker Micron, which gained over 240% in the second quarter, dropped 11% on Wednesday. The decline reduced the company's market capitalization by nearly $200 billion.

Original reporting: https://www.cnbc.com/2026/07/01/chip-stocks-notched-record-rallies-in-second-quarter-start-q3-with-dud.html

Next story

Exclusive—Trump: SCOTUS Slaughter Decision 'More Than Made Up' for 'Disappointing' Birthright Citizenship Ruling