Western Digital, Nvidia, Other Chip Stocks Are Rising Wednesday: What's Behind The Move?

Quick Summary:

What Happened With MU: Micron beat analyst estimates on the top and bottom lines, reporting revenue of $7.75 billion versus estimates of $7.635 billion, and earnings of $1.18 per share versus estimates of $1.13 per share.

Several chip stocks are moving higher after the market close on Wednesday alongside Micron Technology Inc (NASDAQ:MU), which jumped after the company reported strong quarterly results.

Micron said its 93% revenue growth in the quarter was driven by robust AI demand, which was the main driver of ...

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Adam Eckert

Category: Technology

Markets: United StatesTaiwan

Topics: US67066G1040 MU NVDA BMG5876H1051 ARM US5951121038 LRCX Why it's moving Earnings News US8740391003 US0079031078 WDC Chip Stocks Tech TSM MRVL US5128071082 AMD Semiconductors Benzinga US9581021055 Movers AI

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-25 @ 21:20:42 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 313 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22711226

View Article Analysis

About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 18 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions