MU

SpaceX and Tesla fall as Democrats win control of Congress.

Micron (MU) reached $795.23 at the closing of the latest trading day, reflecting a -7% change compared to its last close.

Micron is falling after Democrats swept the midterms and won the governor's races in Texas and Ohio, raising doubts about how fast new data centers get built.

Key TakeawaysMicron shares fell 6% today as Democrats won control of Congress. Investors priced in a slower AI build-out, which Jim Cramer said would let memory inventories build up, a win for Apple.

Memory prices are climbing fast, and that single cost is splitting two tech giants onto opposite sides of a trade. One company's suffering feeds the other's record margins, and the gap between them keeps widening.

AMD reported 45% revenue growth, while Supermicro nearly quadrupled quarterly sales.

Memory and storage giants SK Hynix and Sandisk both have massive upside potential.

Memory stocks are buckling under a convergence of election fallout and pricing pressure even as AI data-center demand stays strong, leaving SanDisk investors caught between record revenue and a deepening selloff.

BUFFALO Funds, an actively managed mutual fund advised by Kornitzer Capital Management, released its third-quarter 2026 investor letter for “Buffalo Growth Fund”. The letter can be downloaded here.

We just published the list of the 10 Best Tech Stocks for the Next 5 Years and Micron Technology (MU) ranked 8th on this list. Big Tech just had a week investors will remember.