The market is changing and among the most popular trends of the moment are cryptocurrencies and companies linked to the semiconductor and chip sector.
These two segments have already recorded significant growth in the last two years and the recent slowdown had made people think of the worst, but the recovery of recent days once again calls traders' expectations into question.
Will we see new highs broken? Riot Platforms and the crypto stocks segment It is indisputable: we are experiencing an extraordinary historical period for the cryptocurrency market.
The run-up in prices of Bitcoin and alternative coins has also generated enormous interest in the shares of companies operating in the decentralized sector.
Among these, particular attention is currently being paid to Riot Platforms.
Not surprisingly, JP Morgan recently upgraded its rating for RIOT stock.
According to the investment bank, this company, compared to other mining companies, presents a combination of better elements.
Therefore, among the various stocks in the mining-related cryptocurrency sector, RIOT shares could see the greatest upside.
The company's share price has in fact rebounded from the lows, located just above $10, recording an increase of approximately 10% on March 20th.
Shares of its mining competitor, Marathon Digital (MARA), closed the session with a 16% gain; other companies still included in the cryptocurrency market have also returned to growth.
For example, Coinbase (COIN) closed the latest positive session with an increase of 11% and MicroStrategy (MSTR) up 9.10%.
Micron Stock Jumps and the Semiconductor Segment Micron Technology, Inc.
is a semiconductor and memory technology company.
Although it is less well-known than some of its competitors, it is emerging in the semiconductor industry thanks to its solid results.
Revenue increased 58%, posting a profit of $793 million and EPS of $0.71.
Furthermore, the future outlook seems to confirm the company's growth trajectory, and for this reason it deserves the inclusion of MU stock in a trader's watchlist.
The communication of the results has already caused a notable increase in the price: in the pre-market there is talk of growth close to 20%, confirming the current optimism of the market.
This upward momentum also appears to be shared by other leading semiconductor companies, such as Taiean Semiconductor Manufacturing (TSM), which appears to post a gain of nearly 4% in the pre-market.
In Italy, we have STMicroelectronics (STM), which opened on the morning of March 21 with a gap-up of almost 3%.
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