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Micron Falls, Charles Schwab Sinks, Microsoft's AI Strategy
Description
On this episode of Stock Movers:
- Micron Technology (MU) fell after a generally upbeat forecast from the memory-chip maker failed to impress investors, underscoring Wall Street’s lofty expectations following an extraordinary rally this year.
- Charles Schwab (SCHW) sank on news from Chief Executive Officer Rick Wurster, who said that Charles Schwab would like to give its retail investors more opportunities to take stakes in private companies as a growing number of firms become industry giants before going public.
- Microsoft (MSFT) will start using artificial intelligence models from Anthropic to help power its workplace AI assistant, adding a significant partner to a product that has so far been predominantly driven by OpenAI.
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