Top 10 AI News Updates This Weekend

3. Micron Technology, Inc. (NASDAQ:MU)

Number of Hedge Fund Holders: 107

Micron Technology, Inc. (NASDAQ:MU), a US-based innovative memory and storage solutions provider, supports the development of artificial intelligence and generative AI applications.

On November 28th, Bloomberg reported that the Biden administration is weighing additional curbs on sales of semiconductor equipment and AI memory chips to China. The measures, aiming to curb Beijing’s tech advancements, are less strict than previously discussed. The restrictions could be announced next week, impacting companies in the space such as Micron. Back in 2023, China’s cyberspace regulator said that U.S. memory chipmaker Micron Technology products had failed its network security review and it would bar operators of key infrastructure from buying from the company, a move perceived as a response to US sanctions on China’s semiconductor industry.