Micron Technology & State Bank of India

Micron Technology: Micron Technology's stock dropped, tracking losses in tech shares and indicating a cooling of the AI boom's impact on semiconductor companies.

State Bank of India: The State Bank of India has implemented measures to contain the impact of the Iran war on the rupee and foreign exchange reserves, but faces increasing pressure to address inflation and slowing economic growth.

Micron Technology: Micron Technology jumped 7.2%, indicating a strong recovery in AI-related stocks.

State Bank of India: The State Bank of India's policy announcement has supported the strength of the Indian rupee.

Micron Technology: Micron fell 5.6% as AI-related stocks declined.

State Bank of India: RBI likely intervened to halt rupee's decline, stabilizing the currency.

Micron Technology: Experienced volatile trading but surged on strong AI demand. Stock remains up significantly for the year.

State Bank of India: Kept repo rate unchanged at 5.25%.

Micron Technology: Micron Technology's shares were dragged down in premarket trading due to Broadcom's disappointing results, reflecting broader weakness in the semiconductor sector.

State Bank of India: The State Bank of India likely intervened to curb excessive volatility and prevent a further slide in the rupee against the US dollar.