All eyes are on Nvidia this week, but another AI play is getting buzz before its earnings this week

  • 📰 CNBC
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Österreich Nachrichten Nachrichten

Österreich Neuesten Nachrichten,Österreich Schlagzeilen

The semiconductor maker is slated to report fiscal second-quarter results after the bell Wednesday.

Don't sleep on Micron Technology this week. The report comes as sentiment around artificial intelligence remains high. Nvidia shares added to their 2024 rally on Monday as the company kicked off its GTC Conference. Other AI plays such as Alphabet and Super Micro Computer were also higher.

" The analyst maintains an outperform rating on Micron stock as well as a $120 per share price target, which equates to roughly 29% upside. Micron shares are up 12% this year. While that outperforms the S & P 500's 8% gain, it is well below Nvidia's 82% surge. That performance gap, however, could signal a buying opportunity into Micron's report.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 12. in AT
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stocks making the biggest moves midday: Nvidia, Marvell Technology, Costco, Eli Lilly and moreThese are the stocks posting the largest moves in midday trading.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »