NVDA: Nvidia Stock Jumps as Micron Earnings Ease AI Investment Fears [Yahoo! Finance]
Advanced Micro Devices, Inc. (AMD)
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Source: Yahoo! Finance
maker Micron ( NASDAQ:MU ) eased investor worries about a slowdown in AI spending. Other chip stocks also saw gains. Advanced Micro Devices (AMD) climbed about 2%, while Broadcom ( NASDAQ:AVGO ) rose roughly 1% ahead of the opening bell. Analysts noted that robust data-center demand for high-performance memory is supporting continued AI hardware purchases. Warning! GuruFocus has detected 9 Warning Sign with MU. Is MU fairly valued? Test your thesis with our free DCF calculator. Micron's report highlighted rising sales in high-capacity memory, helping to stabilize stocks that had been pressured by doubts over the AI investment cycle. The industry supply remains short of demand for the foreseeable future, said Micron CEO Sanjay Mehrotra. Adding to the optimism, a private cloud operator said it would deploy more than 2,300 Nvidia Blackwell GPUs in California, marking the first phase of a $6 billion North American expansion plan. Investors caution that supply constraints for A
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