Huang’s hotly anticipated speech brought mention that Micron is providing memory for new Blackwell gaming chips.
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.
Nvidia jumped during early market action on Monday after Foxconn Technology reported its highest fourth quarter revenue on record. Read more here.
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 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.
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)?
Micron Technology revealed a plan to invest $7 billion for a new high-bandwidth memory (HBM) packaging plant in Singapore.
Micron stock is gaining ground today thanks to Nvidia -related news. Investors got a new indicator that demand for the artificial intelligence ( AI) leader's hardware remains very strong, and there's also excitement that the AI pioneer's CEO could discuss new hardware featuring Micron's technologies during his presentation this evening.
Stocks making notable moves in Tuesday's premarket action include: Nvidia shares are up 1.5% and eyeing a fresh record high as investors welc
Micron stock surges after Nvidia CEO praises their chips at CES. But mixed technical signals may impact the rally.
Micron Technologies (MU) is climbing for a second straight day after Nvidia (NVDA) noted that it was using MU’s chips in its new products. After advancing 10.5% yesterday, the shares are climbing 6% today.