Micron’s Earnings Could Propel Nvidia to New Highs
19
3
BTCCSquare news:
Nvidia stands on the brink of a record high, with its stock inching toward the $149.43 peak set earlier this year. The catalyst? Micron Technology’s upcoming earnings report. As a key supplier of high-bandwidth memory (HBM) chips, Micron’s performance directly impacts Nvidia’s ability to meet soaring demand for AI accelerators.
HBM chips are the unsung heroes of the AI boom, enabling Nvidia’s GPUs to process vast datasets at breakneck speeds. With Micron among a select few manufacturers capable of producing these critical components, its financial health serves as a bellwether for Nvidia’s supply chain stability. Market watchers anticipate Micron’s results could trigger the next leg up for Nvidia’s stock.
By:
Previous
Australia’s Crypto ATM Crackdown Reveals Widespread Scam Victims
Next
British Pound’s Rally Masks Underlying Dollar Weakness
