Wells Fargo Comments on Micron Technology (MU) HBM3E and NVIDIA H200 GPUs

NVIDIA (NVDA) PT Raised to $985 at Tigress Financial Partners

February 28, 2024 4:55 PM EST

Tigress Financial Partners analyst Ivan Feinseth raised the price target on NVIDIA (NASDAQ: NVDA) to $985.00 while maintaining a Buy rating.

The analyst comments "We reiterate our Buy rating on NVDA and increase our 12-month target price to $985 as it remains at the forefront of the ongoing acceleration and tipping point of AI adoption across all industries and enterprises that will continue to drive significant revenue and cash flow growth and greater shareholder value creation. NVDA recently reported Q4 revenue increased 256% Y/Y to a record $22.1 billion, driven by accelerated computing and... More

3 reasons why Micron Technology stock has underperformed in 2024 and why they don't matter - Citi

February 27, 2024 11:00 AM EST

Micron Technology (NASDAQ: MU) stock has underperformed so far this year, but according to analysts at Citi, the reasons for the underperformance "don't matter."

In a recent note, the bank told investors to "stay the course," with the firm reiterating its Buy rating and $95 per share price target on the... More

Micron (MU) gains on HBM3E volume ramp and shipments to Nvidia's H200 confirmed

February 26, 2024 11:23 AM EST

Micron Technology (NASDAQ: MU) shares are up more than 5% Monday after the company announced it has started volume production of its HBM3E (High Bandwidth Memory 3E) solution.

Micron's 24GB 8H HBM3E product is set to be part of the NVIDIA... More

Micron starts mass production of memory chips for use in Nvidia's AI semiconductors

February 26, 2024 8:44 AM EST

By Samrhitha A

(Reuters) -Micron Technology has started mass production of its high-bandwidth memory (HBM) semiconductors for use in Nvidia's latest chip for artificial intelligence, sending its shares up more than 5% on Monday.

The HBM3E (High Bandwidth Memory 3E) will consume 30% less power than rival offerings, Micron said, and could help tap into soaring demand for chips that power generative AI... More

Micron (MU) Commences Volume Production of Industry-Leading HBM3E Solution to Accelerate the Growth of AI

February 26, 2024 7:01 AM EST

Micron Technology, Inc. (Nasdaq: MU), a global leader in memory and storage solutions, today announced it has begun volume production of its HBM3E (High Bandwidth Memory 3E) solution. Microns 24GB 8H HBM3E will be part of NVIDIA H200 Tensor Core GPUs, which will begin shipping in the second calendar quarter of... More

S&P 500, Nasdaq futures rise as Nvidia pops on strong outlook

February 22, 2024 5:12 AM EST

Investing.com-- S&P 500 and Nasdaq futures rose in evening deals on Wednesday, with the latter leading gains as optimism over a strong outlook from AI darling Nvidia drove investors into technology stocks.

Dow futures, however, were muted following a string of other weak earnings reports, while the minutes of the Federal Reserves late-January meeting showed the bank in no hurry to begin cutting interest rates. 

S&P 500 Futures rose 0.4% to 5,018.75 points, while Nasdaq 100 Futures futures rose 0.9% to 17,688.25 points by 18:12 ET (23:12 GMT). Dow Jones Futures fell 0.1% to 38,646.00 points. Outsized gains in the Nasdaq... More