Battle Of The Chipmakers: Micron (MU) Faces China Ban

Micron (MU) is facing a ban from China as its cyberspace admin says that MU products have "serious network risks." Caleb Silver discusses this as in 2022 MU generated 25% of its $30.8B in revenue from China and Hong Kong. He notes that this ban prohibits Chinese infrastructure companies from buying MU's products. He talks about what this MU China ban means for chip stocks as a whole, highlighting some chipmakers that have exposure to China which include Qualcomm (QCOM), Broadcom (AVGO), and Intel (INTC). He then goes over how this issue could be entangled with the tensions between China and Taiwan with the U.S trying to intercede there, along with the battle between chipmakers. Tune in to find out more about the stock market today.