18
Sat, Oct

Intel's AI client, bitcoin hits June low, Micron's China business

Intel's AI client, bitcoin hits June low, Micron's China business

Crypto News
Intel's AI client, bitcoin hits June low, Micron's China business
00:04 Speaker A

It's time for Yahoo Finance's Market Minute.

00:06 Speaker A

Stocks are higher as investors shake off concerns around regional banks fade, following Thursday's sell-off over fears of bad loans and credit quality.

00:15 Speaker A

While this morning, President Trump eased worries around the US-China trade war saying the tension was not sustainable.

00:21 Speaker A

Chipmaker Micron falling after Reuters reported it plans to stop supplying memory chips for servers to data centers in China.

00:30 Speaker A

While Intel saw its stock move higher earlier today after a report said its chip making business has a large AI client.

00:36 Speaker A

Intel previously announced agreements to build chips for Amazon and Microsoft, but this will be the first new client in quite some time.

00:43 Speaker A

Meanwhile, Bitcoin reached its lowest level since June in Friday's trading session, falling as much as 4% to 103,550.

00:54 Speaker A

Just recently, Bitcoin set an all-time high soaring above 126,000 on October 6th.

01:00 Speaker A

And that's your Yahoo Finance Market Minute. Scan the QR code below to track the best and worst performing stocks of the session.

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