Last Updated on May 22, 2023 by Bitfinsider
Apple — Apple shares dipped roughly 1% premarket after Loop Capital downgraded the company’s stock to hold from buy. Loop anticipates that it will fall short of its June quarterly sales target, according to a note issued on Monday.
Meta — The social network corporation’s shares fell more than 1% in premarket trading following reports that the business had been fined a record 1.2 billion euro ($1.3 billion) by European privacy regulators for transferring EU user data to the United States. The Irish Data Protection Commission also directed Meta to halt “any future transfer of personal data” to the United States. Meta stated that it would appeal both the ruling and the fine.
Micron Technology — Shares of the American chipmaker fell more than 4% after China’s Cyberspace Administration prohibited Chinese operators of “critical information infrastructure” from purchasing Micron products. Other semiconductor stocks dropped as well, with Advanced Micro Devices down 1.4% and Nvidia down roughly 1%.
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