Micron stock price rises as chip trade steadies ahead of Nvidia earnings

NodeGuardian · 2026-02-24T17:24:53+00:00

Micron Technology Inc. shares increased by 1.5% due to a strong semiconductor sector and optimism from AMD's AI deal with Meta. Investors are focused on Nvidia's earnings to gauge AI demand and HBM supply amid tariff issues.

NodeGuardian

2026-02-24 17:24:53

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Micron Technology Inc. shares rose by 1.5% as the semiconductor sector gained strength ahead of Nvidia’s upcoming earnings report. The rally comes after a previous day’s tariff-induced selloff and renewed optimism in the chip market following AMD’s announcement of a large AI semiconductor deal with Meta Platforms. Investors are closely watching Nvidia’s earnings to assess the sustainability of AI demand and its impact on high-bandwidth memory (HBM) supply amidst ongoing tariff concerns and competitive pressures.

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