He CES 2025 has been a driving force for the shares of Micron Technolog that rose this week, as investors have shown excited about the chip and artificial intelligence sector. Without forgetting that Jensen Huang, CEO of NVIDIAhas mentioned that his company uses some components from the first according to Jeremy Bowman en Yahoo Finance.
According to the data of S&P Global Market Intelligenceshares rose a 10.6% during the week until closing on Wednesday.
Micron gets a boost from Nvidia
The main news that drove Micron shares higher was that Nvidia will use the Micron High Bandwidth Memory (HBM) in their new GPU GeForce RTX 50 Blackwell that underpin its new advanced AI platform.
The partnership is the latest example of the two companies working together, as Nvidia is now believed to be Micron’s largest customer, representing the 13% of your income. Micron’s presence on the Blackwell platform is also a reminder to investors that the memory chip company is capitalizing on the AI boom. The stock sold off on weak guidance in its fiscal first-quarter earnings report last month, but its latest numbers show demand for AI is rising.
Los data center revenue they grew a 40% sequentially and a 400% interannualand the general income increased a 84% up to 8,710 million dollars.
Nvidia’s support also appeared to help investors shrug off the company’s weak second-quarter guidance, showing it still has plenty of growth ahead in AI.
What’s next for Micron?
Micron stock is also intriguing right now because of its valuation. Even after this week’s gains, the stock is trading at a Forward P/E price of 14. making it a bargain compared to other chip stocks.
The memory subsector is highly cyclical, but appears to be booming at the moment. Micron could easily go up from now on.
Micron Technolog It is trading lower on Friday afternoon at $97.66. The 70-period moving average is above the last candle, RSI is down at 51 points and the MACD lines are below the zero level.
Medium-term support is at $84.10. Meanwhile, Ei indicators are mixed.