Why Is Micron Stock Falling on Thursday?
Micron Technology stock declined on Thursday amid profit-taking, Nvidia's margin disclosures, and potential U.S. chip tariffs.
Read original at benzingaStocks · News reference
SK Hynix enters earnings after its worst monthly decline since the financial crisis, despite beating Wall Street estimates for six straight quarters. Investors are now looking beyond another likely earnings beat to management's outlook on AI memory demand and rising competition from China's CXMT.
Reference details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Micron Technology stock declined on Thursday amid profit-taking, Nvidia's margin disclosures, and potential U.S. chip tariffs.
Read original at benzingaIf Nvidia were to reach that level from its current price of around $226, its market capitalization would climb to about $12.5 trillion.
Read original at benzingaNvidia AI buildout is expensive. Memory prices will drive gross margins to 71%–72% in Q4, the first major margin decline of the AI cycle.
Read original at benzingaMicron and SK Hynix shares jumped after NVIDIA earnings signaled surging demand and tight supply for AI-driven memory.
Read original at benzingaRaymond James says Nvidia could reach $1 trillion in annual sales by fiscal 2029 as AI demand stays strong and supply constraints ease.
Read original at benzingaCitigroup analyst Atif Malik maintains NVIDIA (NASDAQ:NVDA) with a Buy and raises the price target from $300 to $315.
Read original at benzinga