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00:02NVIDIA shares rose 1.33% to $201.64 in Thursday pre-market trading
00:08as investors reacted to Micron's stronger-than-expected quarterly results,
00:12according to Benzinga Pro.
00:14Micron reported adjusted third-quarter earnings of $25.11 per share
00:18on revenue of $41.46 billion, beating Wall Street expectations.
00:24The company also forecast fiscal fourth-quarter adjusted earnings
00:27of about $31 per share on revenue of roughly $50 billion.
00:32Investors viewed the report as a positive signal
00:35for the broader AI hardware market, including NVIDIA.
00:38NVIDIA remains up nearly 29% over the past 12 months,
00:42though shares are trading below key short-term moving averages.
00:46Analysts expect NVIDIA to report quarterly earnings around August 26.
00:50For all things money, visit Benzinga.com.
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