Micron's Stock Soars 12% After Launching High-Capacity SSD
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy NVDA?
Source: Newsfilter
- Stock Surge: Micron announced the shipment of its highest-capacity solid-state drive, leading to a 12% stock increase on Tuesday, pushing its market cap past $700 billion for the first time and positioning it among the top 10 U.S. tech companies, indicating strong market demand for its products.
- Outstanding Annual Performance: Micron's stock has surged 125% this year and 700% over the past 12 months, reflecting the company's robust performance amid a global memory shortage and the AI boom, further solidifying its market position.
- Soaring Memory Demand: The rapid development of artificial intelligence has led to a surge in memory demand, resulting in a global shortage, with chipmakers like Nvidia and AMD driving growth for Micron and other memory manufacturers due to their need for high-performance AI processors.
- Cost Optimization for Data Centers: Micron's senior vice president stated that the newly launched solid-state drives provide data center operators with a critical new lever to improve rack-level total cost of ownership, especially as power availability becomes a defining constraint for scaling AI infrastructure.
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Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 207.830
Low
200.00
Averages
264.97
High
352.00
Current: 207.830
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is an artificial intelligence (AI) infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. Its segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing and networking platforms and AI solutions and software, and automotive platforms and autonomous and electric vehicle solutions, including software. The Graphics segment includes GeForce GPUs for gaming and personal computers (PCs), and Quadro/NVIDIA RTX GPUs for enterprise workstation graphics. Its technology stack includes the foundational NVIDIA CUDA development platform that runs on all NVIDIA GPUs, as well as hundreds of domain-specific software libraries, frameworks, algorithms, software development kits (SDKs), and application programming interfaces (APIs). Its platforms address four markets, which include Data Center, Gaming, Professional Visualization, and Automotive.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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