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Micron shares fell about 3% in extended trading on Wednesday as investors looked past better-than-expected results and focused instead on a revenue forecast that was in line with estimates.
Nvidia has been the hottest story on Wall Street of late, increasing eightfold in value since the end of 2022 and soaring past $3 trillion in market cap this month.
Since briefly becoming the world's most valuable company last week, Nvidia has dropped for three consecutive trading days and is now down 13% from its peak.
Apple, Microsoft, Amazon and Google were the four leading global brands at the end of 2023, according to consulting firm Interbrand. They're are also four of the world's five most valuable companies.
Nvidia, long known in the niche gaming community for its graphics chips, is now the most valuable public company in the world.
Apple said on Monday that it has stopped issuing loans through Apple Pay Later, its buy-now-pay-later program that launched last year.
Broadcom posted earnings for the second fiscal quarter on Wednesday that beat analysts' estimates. It also announced a 10-for-1 stock split, set to begin trading on a split-adjusted basis on July 15.
We are live from Cupertino, California, where Apple is holding its annual Worldwide Developers Conference (WWDC), often called "Dub Dub" by attendees. It announced new artificial intelligence features, called Apple Intelligence, and updates to its iPhone, Mac, iPad, Apple TV and Apple Watch software.