Micron and Nvidia Climb; ASML downgrade; Nike Earnings
On this episode of Stock Movers:- Micron Technology (MU) shares are higher this morning as it gave an upbeat forecast for the current quarter, driven by demand for artificial intelligence equipment, and posted third-quarter results and a fourth-quarter forecast that exceeded estimates. The company's high-bandwidth memory (HBM) business is fueling a sales surge, with continued growth expected as AI software becomes more complex and requires bigger amounts of memory.- Nvidia (NVDA) is rising in early trading after hitting an all-time high, extending an advance that has cemented its position as…
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