Why Micron Stock Is Jumping Today
Micron Technology (NASDAQ: MU) stock is rising Wednesday. The company's share price was up 4.5% as of 1:45 p.m. ET amid flat trading for the S 500 index and a gain of 0.3% for the Nasdaq Composite index.
After recent sell-offs, Micron is regaining some ground in today's trading. In addition to more bullish momentum for the broader market, the company's share price is also seeing gains in conjunction with a bullish rebound for Nvidia stock.
Nvidia is scheduled to publish its fourth-quarter results after the market closes today, and it would be an understatement to say that stakes are high. The company's Q4 results and guidance for the current quarter will likely have a significant impact on the market's appetite for growth-dependent tech stocks. Micron is also a components supplier for some of Nvidia's most advanced graphics processing units (GPUs) for artificial intelligence (AI)
Source Fool.com
Micron Technology Inc. Stock
With 117 Buy predictions and not a single Sell prediction Micron Technology Inc. is an absolute favorite of our community.
With a target price of 231 € there is a positive potential of 20.82% for Micron Technology Inc. compared to the current price of 191.2 €.
