Semiconductor stocks are getting hit with a wave of bearish pressures following news that the U.S. will take new steps to limit the export of advanced chips used for AI.

While Micron's partnership with NVIDIA boosts its AI prospects, short-term challenges, including weak consumer spending and geopolitical risks, warrant caution.

Huang’s hotly anticipated speech brought mention that Micron is providing memory for new Blackwell gaming chips.

Nvidia CEO Jensen Huang said the tech giant's new gaming GPUs are a 'beast' and will be powered in part by G7 memory from Micron.TheStreet/Shutterstock/Slaven Vlasic/Stringer/Getty Images

Nvidia pushes back on new artificial-intelligence regulations, Moderna issues weak revenue guidance, and Intra-Cellular Therapies is being acquired by Johnson & Johnson for nearly $15 billion.

Shares of Micron (NASDAQ: MU) were sliding last month after the memory-chip maker offered disappointing guidance in its fiscal first-quarter earnings report. As you can see from the chart, shares fell sharply after the earnings report came out in the middle of the month and stayed down from there.

Talk about artificial intelligence and you immediately think about Nvidia (NASDAQ:NVDA), Broadcom (NASDAQ:AVGO), or even Palantir Technologies (NASDAQ:PLTR). But what if you have it all wrong? What if the future of AI is really Micron Technology (NYSE:MU)?

Shares of Micron (NASDAQ: MU) were among the winners this week after the memory-chip specialist benefited from general excitement about the chip sector and artificial intelligence (AI) with the start of CES earlier this week.

Nvidia stock briefly touched a new record Tuesday following a high-profile speech from its billionaire leader Jensen Huang, but surprisingly reversed quickly to a significant daily loss, headlining a surprise stark selloff across technology stocks.

Micron stock is gaining ground today thanks to Nvidia -related news. Investors got a new indicator that demand for the artificial intelligence ( AI) leader's hardware remains very strong, and there's also excitement that the AI pioneer's CEO could discuss new hardware featuring Micron's technologies during his presentation this evening.

Nvidia, Micron, and TSMC occupy important positions in the AI chip space, and each company is seeing a significant valuation pullback today. Nvidia, Micron, and TSMC fall on expanded AI chip ...

Micron Technology, Inc. MU shares rose 2.7% on Tuesday following NVIDIA Corporation’s NVDA announcement that Micron would be a critical supplier for its groundbreaking GeForce RTX 50 Blackwell ...