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Tech Stocks See Wild Swings After Micron Earnings, Apple Price Hikes

Tech Stocks See Wild Swings After Micron Earnings, Apple Price Hikes

It’s a volatile day on Wall Street after a short-lived tech rally soured and abruptly reversed course.

Micron’s stellar earnings report boosted the stock by nearly 20% and reignited the AI trade, helping the Nasdaq 100 jump 2% at Thursday’s opening bell.

But it wasn’t to last. Just a half an hour into regular trading, the tech-heavy Nasdaq’s gains reversed, dragged lower by Apple stock, which dropped on news of price hikes on devices as it responds to the memory-supply crunch.

Apple officially raised price for Macs and iPads, a change outgoing CEO Tim Cook warned about earlier this month when discussing memory chip costs.

Here’s where major indexes stood at 10:20 a.m. ET:

The premarket rally was led…

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