Micron Gains, Akamai Rises, Trade Desk Falls After HSBC Cuts to Reduce

On this episode of Stock Movers:- Micron (MU) shares gain. Shares in chipmakers, opticals and storage firms gain as supply for global memory chips, key to AI infrastructure build-outs, tightens further. The sector is also getting a boost as Nvidia’s Jensen Huang joined President Donald Trump on his visit to China.- Akamai (AKAM) shares gain after BofA upgraded the company to buy from neutral. “The story has shifted from a legacy delivery network to a credible AI infrastructure platform,” and “large cloud infrastructure wins, including a $1.8bn, 7 year deal, signal real demand for distributed AI, not just narrative,” writes analyst Tal Liani.- Trade Desk (TTD) shares fall after HSBC analyst Mohammed Khallouf cut his recommendation to reduce from hold, following the advertising-technology company’s disappointing earnings report issued after market close on May 7. Executives guided for for the slowest pace of revenue growth since its 2016 listing, Khallouf notes.See omnystudio.com/listener for privacy information.