Reported 1 day ago
Micron (NASDAQ: MU) stock jumped 6.1% after Nvidia CEO Jensen Huang highlighted it as a components supplier during his CES keynote, despite a broader market decline. Micron's chips will be included in Nvidia's upcoming GeForce RTX 50 line, signaling a strengthening partnership amid recent investor concerns over Micron's growth outlook. The company's recent struggles were compounded by disappointing earnings guidance, but the collaboration with Nvidia points to significant long-term opportunities in the AI memory solutions market.
Source: YAHOO