STOCKS | Micron Earnings Land as AI Spending Concerns Hit Chip Stocks

Micron Technology Inc.’s earnings arrived at a sensitive moment for the AI industry, with investors already questioning whether the spending boom is starting to falter, according to Bloomberg. Shares of chipmakers and other technology companies had been hammered in recent days amid those concerns, and the report added to scrutiny over whether the sector can avoid the boom-and-bust cycles that have long characterized the industry.