Chip Stocks Fall On Report Microsoft Will Take Things In House


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Microsoft Corp (NASDAQ:MSFT) is designing in-house processors for server computers running on the company’s cloud services, a development which will reduce reliance on Intel Corporation’s (NASDAQ:INTC) chip technology, according to a Bloomberg report.

Several chips stocks fell on the news.

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Intel shares traded down 6.3% to $47.46. The stock has a 52-week high of $69.29 and a 52-week low of $43.61.

Advanced Micro Devices, Inc. (NASDAQ:AMD) closed down 0.95% at $95.92 per share.

Nvidia Corporation (NASDAQ:NVDA) shares traded down 0.52% to $530.88. The stock has a 52-week high of $589.07 and a 52-week low of $180.68.

Xilinx, Inc. (NASDAQ:XLNX) shares traded down 1.76% to $149.19. The stock has a 52-week high of $154.12 and a 52-week low of $67.68.

Micron Technology, Inc. (NASDAQ:MU) shares traded down 1.11% to $71.46. The stock has a 52-week high of $74.60 and a 52-week low of $31.13.


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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