The Future of Micron Technology and NVIDIA Corporation: Promising Developments in the Stock Market

by Annabelle Stephenson
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on 21 March 2024

Mikron Technology i NVIDIA Corporation – obiecujący rozwój na giełdzie

According to financial expert Jim Cramer from CNBC’s “Mad Money” show, both Micron Technology, Inc. (NASDAQ: MU) and NVIDIA Corporation (NASDAQ: NVDA) show potential for further growth. Cramer also recommended investing in Nvidia and Broadcom (NASDAQ: AVGO).

Cramer expressed optimism about Micron Technology, emphasizing its growing trend. He also advised investing in Nvidia due to the prospects of their non-technological partners benefiting from the company’s advanced artificial intelligence technology.

A key point highlighted by Cramer is Micron Technology’s role in the field of artificial intelligence. The high-throughput segment of Micron is essential for AI accelerators such as Nvidia’s Tensor Core H 200 and Blackwell.

Recently, Micron has started mass-producing its High-Bandwidth Memory (HBM) semiconductors, which are expected to be integrated with Nvidia’s latest artificial intelligence chip. Nvidia plans to utilize this chip in their newest graphic units H200, set to ship in the second quarter of 2024. These units are anticipated to surpass the currently used H100 chip, contributing to revenue growth for the chip designer.

Cramer’s positive outlook on Micron’s stocks aligns with market expectations before the company’s financial report release. U.S. stock futures have been rising, with investors eyeing Micron as a potential source of profits.

Additionally, Cramer’s favorable stance on Nvidia is supported by pointing out several non-technologically aligned partners who could benefit from the company’s advancements in artificial intelligence. Collaboration with Nvidia could bring significant advantages to these partners, including companies like Getty Images Holdings.

Such remarks from Cramer provide investors with greater confidence in the growth potential of Micron Technology and NVIDIA Corporation in the stock market. It is worth monitoring how these forecasts will impact the financial results of both companies in the coming periods.

Frequently Asked Questions

What is Micron Technology?

Micron Technology is a multinational corporation specializing in memory and storage solutions.

What is NVIDIA Corporation?

NVIDIA Corporation is a technology company known for its graphics processing units (GPUs) and artificial intelligence solutions.

Source: Micron Technology
Source: NVIDIA Corporation
Source: Broadcom

The source of the article is from the blog coletivometranca.com.br