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Micron stock jumped 6.5% to $924.66 Wednesday, pushing its market value back above $1 trillion as memory supply news lifted chip stocks worldwide.
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Nvidia’s Unusual Move Please click here for an enlarged chart of NVIDIA Corp (NASDAQ:NVDA). Note the following: The chart shows that NVDA gapped up above the low band of Zone 1 (resistance). RSI on the
Read original at benzingaTechnical analysis shows QQQ is positioned for a rally, with historical data indicating positive returns following eight consecutive down closes. Bearish sentiment has reached extreme levels for six consecutive weeks, a contrarian indicator that preceded a multi-week rally in April. NVIDIA exceeded Wall Street expectations with $96.2B in revenue and announced significant capacity expansion plans for Neocloud partners, signaling strength in the AI sector.
Read original at zacks-investment-researchDell Technologies shares are in focus Thursday with earnings due, analyst activity, 200‑day average nearly 95% above trend and Edge Rankings.
Read original at benzingaCoreWeave Inc. (NASDAQ: CRWV) is trending Thursday after a busy stretch that included new partnerships with Hudson River Trading and Rescale.
Read original at benzingaMicron CEO Sanjay Mehrotra states that AI infrastructure demand has fundamentally changed the memory industry from cyclical to structural growth. Data center memory demand exceeds supply by 50%, with additional demand from autonomous vehicles and edge AI devices. Recent memory stock sell-offs present attractive buying opportunities as the sector is poised for long-term growth.
Read original at the-motley-foolSanDisk (SNDK) stock is up almost 3% on strong market sentiment and an optimistic outlook for the AI-driven memory cycle.
Read original at benzinga