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.
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.
Stocks fell Tuesday after the latest job openings numbers were higher than expected.These stocks were making moves Tuesday:Nvidia fell 2.8% to $145.31 after the artificial-intelligence chip maker unveiled its next generation gaming graphic cards late Monday at the CES tech trade show in Las Vegas.
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 (NASDAQ: MU) stock is making gains in Tuesday's trading. The memory technologies company's share price was up 6.1% as of 11:15 a.m. ET, despite the S&P 500 (SNPINDEX: ^GSPC) being down 0.4% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) down 1.
Nvidia jumped during early market action on Monday after Foxconn Technology reported its highest fourth quarter revenue on record. Read more here.
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 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.
Since AI emerged as the world's next megatrend about two years ago, one product in particular has become the technology sector's holy grail.
Nvidia (NASDAQ: NVDA) stock rose 2.4% after the chip giant unveiled new products such as artificial intelligence to better train robots and cars, souped-up gaming chips and its first desktop computer, as it expounded upon its potential to expand its business.