Bull markets are often built on themes, and it’s clear which one has been driving the current one’s gains. It’s all about AI, of course, with the
The main piece of news driving Micron stock higher was that Nvidia will be using Micron's high-bandwidth-memory (HBM) in its new GeForce RTX 50 Blackwell GPUs that undergird its new advanced AI platform.
According to data from S&P Global Market Intelligence, the stock finished the month down 14%. As you can see from the chart, shares fell sharply after the earnings report came out in the middle of the month and stayed down from there.
Micron Technology stock is the top performer in the this year, and while analysts are generally optimistic about its performance, some have lingering doubts. The stock rose 2.7% to $101.91 on Monday after Nvidia CEO Jensen Huang said that Micron was providing memory for the graphics-processing units of the company’s RTX 50 videogame chips.
Nvidia jumped during early market action on Monday after Foxconn Technology reported its highest fourth quarter revenue on record. Read more here.
Nvidia stock briefly touched a new record Tuesday following a high-profile speech from its billionaire leader Jensen Huang, but surprisingly reversed quickly to a significant daily loss, headlining a surprise stark selloff across technology stocks.
Micron stock surges after Nvidia CEO praises their chips at CES. But mixed technical signals may impact the rally.
Talk about artificial intelligence and you immediately think about Nvidia (NASDAQ:NVDA), Broadcom (NASDAQ:AVGO), or even Palantir Technologies (NASDAQ:PLTR). But what if you have it all wrong? What if the future of AI is really Micron Technology (NYSE:MU)?
Nvidia falls after the company provides few updates about its artificial-intelligence chips at the CES trade show, while shares of Micron and Aurora Innovation jump after securing partnerships with the semiconductor giant.
Nvidia CEO Jensen Huang said the tech giant's new gaming GPUs are a 'beast' and will be powered in part by G7 memory from Micron.TheStreet/Shutterstock/Slaven Vlasic/Stringer/Getty Images
Several wildfires in Los Angeles Country were still burning on Friday, with at least 10 people killed and 350,000 evacuated, according to a Wall Street Journal report. AccuWeather estimated on Thursday that the total economic fallout from the fires would range from $135 billion to $150 billion.