Nvidia Stock Returns to $140 on Increased Demand for Micron Chips
The Micron stock received a boost yesterday after the increase in demand for chips from Nvidia, which shows the increase in investment in the tech sector.
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Micron Strengthens Position in AI Market
Micron is set to ramp up production of its 12-stack HBM3E memory, with Nvidia ($NVDA) as a key client. This memory is designed to enhance artificial intelligence (AI) applications by offering 50% more memory capacity while consuming 20% less power. Reports of Micron increasing its high-bandwidth memory production boosted its stock price, with shares climbing around 7% in yesterday’s trading session. A recent study indicates that this expansion has significantly strengthened Micron’s valuation, as demand for AI-related components continues to grow.
Nvidia Extends Recovery Amid AI Dominance
Nvidia, the market leader in semiconductors, has staged a strong comeback following the sharp decline in late January caused by the DeepSeek launch, which wiped out nearly 40% of its value. The stock found support at the 50-weekly SMA before rebounding in early February. Yesterday, Nvidia initially surged by 3% during the US session, but later pared gains as risk sentiment weakened. Despite this, it continues to push higher, opening with a bullish gap today and briefly trading above $143 before retreating. Over the past two weeks, Nvidia has gained roughly 25%, breaking above key moving averages.
While Nvidia has continued its bullish momentum, other major tech stocks such as Google, Meta, and Apple ended the session in the red. Amazon shares dropped around $2, while Meta slid 4%, marking the end of its recent rally.
AI Boom Continues to Fuel Market Growth
Amazon and Microsoft have recently invested over $300 billion in AI technology, further solidifying the sector’s growth potential. Nvidia, as the dominant player in the AI industry, remains at the forefront of innovation and investment. AI-driven demand is expected to accelerate further, with Nvidia likely to lead the charge in the next wave of technological advancements.
Investors are anticipating Nvidia’s upcoming earnings report, which is expected to show strong double-digit growth and robust forward guidance. Although the earnings release could trigger short-term price volatility, Nvidia’s long-term outlook remains solid. A potential pullback post-earnings may present a buying opportunity for long-term investors. After a weak start to the year, NVDA is regaining momentum and positioning itself for further gains.
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