Interest rate cuts set to benefit AI tech companies NVIDIA, Microsoft, and Micron

From NASDAQ: 2024-09-20 08:11:00

Zacks.com featured NVIDIA Corp., Microsoft Corp., and Micron Technology, Inc. in the Analyst Blog. Lower interest rates may boost stock gains for AI tech players. NVIDIA is a leader in the GPU space, Microsoft’s Azure is expanding rapidly, and Micron’s HBM chips are in high demand. Analysts have raised price targets for all three stocks, with significant upside potential. The AI industry is projected to reach $184 billion in 2024. NVDA, MSFT, and MU have all seen significant stock price increases over the past year.



Read more at NASDAQ: The Zacks Analyst Blog NVIDIA, Microsoft and Micron Technology