Micron Technology & Scott Bessent

Micron Technology: Micron Technology's stock dropped, tracking losses in tech shares and indicating a cooling of the AI boom's impact on semiconductor companies.

Scott Bessent: As the US Treasury Secretary, Scott Bessent>>> attended the G7>>> meeting, engaging in discussions on global imbalances, cybersecurity, and critical minerals. He announced the temporary extension of sanctions suspension on Russian oil, aiming to stabilize the crude market.

Micron Technology: Micron Technology>>> is mentioned as a US chipmaker, indicating the strong performance of the tech sector.

Scott Bessent: Scott Bessent>>>, United States>>> Treasury Secretary, has vowed to use Iranian funds to pay for damage caused to Gulf allies and to offset tolls paid to the Persian Gulf Strait Authority.

Micron Technology: Micron Technology>>> is mentioned as a US chipmaker, indicating the strong performance of the tech sector.

Scott Bessent: As US Treasury Secretary, Scott Bessent>>> believes elevated yields and inflation are transient and will subside when the conflict ends and the Strait of Hormuz>>> reopens.