Why Micron Stock Is Jumping Today
(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 500 (SNPINDEX: ^GSPC) being down 0.4% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) down 1.2%.
Micron is climbing today after Nvidia (NASDAQ: NVDA) CEO Jensen Huang mentioned the company as a components supplier during his keynote speech at the kickoff of CES last night in Las Vegas. Huang said that Micron's chips would be included as part of his company's upcoming GeForce RTX 50 line of chips.
Last night, Nvidia CEO Jensen Huang gave a keynote address to start this year's CES trade expo. As the world's most influential artificial intelligence (AI) company, investors are paying close attention to Nvidia's strategic moves and business relationships. Micron's chips are already being included as part of the B200 and GB200 processors in Nvidia's Blackwell line, and it looks like integration of its memory solutions is poised to expand with subsequent releases.
Source Fool.com
Micron Technology Inc. Stock
The stock is an absolute favorite of our community with 116 Buy predictions and no Sell predictions.
As a result the target price of 255 € shows a slightly positive potential of 8.81% compared to the current price of 234.35 € for Micron Technology Inc..
