Micron's Post-Earnings Pop Leads Nvidia and Other Chip Stocks Higher
Micron Technology(MU) Investopedia·2024-09-26 20:25
Key TakeawaysMicron Technology shares surged Thursday on its strong outlook, leading Nvidia and other semiconductor stocks higher. Nvidia, its partner Micron, and other chip companies have seen their revenue and stock prices climb amid a boom in demand for infrastructure to support AI.Micron CEO Sanjay Mehrotra said Wednesday the company's sales have nearly doubled from a year ago, with record-high revenue expected in the current quarter. Micron Technology (MU) shares surged Thursday after the memory chip ...