Micron stock saw boost due to chip sector excitement and AI partnership with Nvidia

From Nasdaq.: 2025-01-09 14:02:22

Shares of Micron (NASDAQ: MU) saw a boost this week due to excitement in the chip sector and AI at CES. Micron’s stock was up 10.6% through Wednesday, with Nvidia (NASDAQ: NVDA) using Micron components in its new products. Nvidia’s endorsement of Micron’s high-bandwidth-memory in its GPUs has led to a strong partnership, with data center revenue growing 40% sequentially and 400% year over year. Despite weak guidance in the past, Micron’s stock is seen as a bargain with a forward P/E of 14, and it could continue to rise with the current AI boom.

Investors are advised to consider Micron’s potential growth and strong partnership with Nvidia. Micron’s stock has shown resilience and potential for further growth in the AI sector.



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