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Micron falls 5% after blowout earnings. CEO says it can supply only a fraction of key customer needs [MSNBC.com]
Last nvidia corporation earnings: 2/13 04:20 pm
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In this articlewatch nowVIDEO4:0404:04Micron CEO Sanjay Mehrotra: Memory chip supply is tight, we can’t deliver enough to customersSquawk on the StreetMicron Technology"We are only able to supply, for our key customers in the mid term, about 50% to two-thirds of their requirements," Mehrotra told CNBC's "Squawk on the Street."ThechipmakerearningsMicron tripled revenue in the latest quarter as results sailed pastanalystsMicron stock is up more than 350% in the past year thanks to a memory supply shortage driven by surging demand for Nvidia's chips."Micron is the invisible layer powering today, and that's reflecting in our strong performance and strong outlook as well," Mehrotra said Thursday.Citi analysts put the pre-market move down to "some profit taking after a strong run" and maintained a buy rating on the stock."We believe the big investor debate on the stock is if the stock will continue to rise with rising DRAM prices, like during the Windows PC DRAM cycle in the 1990s," they
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- Micron falls 3% after blowout earnings. CEO says it can supply only a fraction of key customer needs [MSNBC.com][MSNBC.com]
- TD Cowen Maintains Buy Rating on NVIDIA (NVDA) Stock [Yahoo! Finance][Yahoo! Finance]
- Andrej Karpathy says he's using his Jensen Huang hand-signed Nvidia chip system to power his Clawbot 'Dobby' [Business Insider][Business Insider]
- Nvidia Bets Everything on Just One CPU Model, Expects Billions in Return [Yahoo! Finance][Yahoo! Finance]
- Nvidia stock added to New Street Research's '2026 best idea list' [Yahoo! Finance][Yahoo! Finance]
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