BUZZ-Applied Materials, Micro rise after announcing AI chip development partnership
Reuters
Mar 11
BUZZ-<a href="https://laohu8.com/S/AMAT">Applied</a> Materials, Micro rise after announcing AI chip development partnership
** Shares of Applied Materials AMAT.O and Micron Technology MU.O gain after companies announce partnership to develop new dynamic random acess memory chips $(DRAM)$ chips for AI applications
** AMAT is up 1.6% and MU is up 3.2%, both on track for second consecutive session of gains
** "Teams from Applied Materials and Micron are collaborating on the development of next-generation materials, process technologies and architectures for advanced DRAM, HBM (high bandwidth memory), and NAND for AI applications," according to a statement on Tuesday
** AMAT is up 34% YTD while MU is up ~42% YTD vs NASDAQ Composite Index's .IXIC 2.4% decrease
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