Dow hits record as Nasdaq drops more than 1% after Micron-led rally fades

Micron Technology reported Q3 revenue of $41.46 billion, up 315% year over year, and guided Q4 revenue to $50 billion, sending its shares up 11.33%. Tech sentiment then soured after Nvidia slid more than 3% intraday, pressuring the broader semiconductor group, with AMD down 7% within an hour and Intel off 2%. Apple fell more than 5% after raising prices for flagship iPad, iMac and home devices. The Nasdaq sank more than 1.0% on the session while the Dow set a record high.

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