(Bloomberg) -- Semiconductor stocks tumbled after Micron Technology Inc. became the latest chipmaker this week to sound the alarm over a slowdown in demand. The Philadelphia semiconductor index sank nearly 6% on Tuesday with all 30 members in the red. The decline was the worst in three weeks as investors fled the sector on mounting fears that chipmakers are heading into what could be a prolonged sales slump after years in which customers couldn’t get enough of their products. Semiconductor stock
Opendoor Technologies Inc. (OPEN) delivered earnings and revenue surprises of 35.71% and 1.18%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
In the latest trading session, Marvell Technology (MRVL) closed at $57.35, marking a -1.49% move from the previous day.