Shares of Micron Technology (MU) rose Monday afternoon following the company's announcement that it will increase production of its HBM3E (High Bandwidth Memory 3E) chips. These chips will be used in Nvidia's (NVDA) semiconductors designed for artificial intelligence capabilities. Micron expects to begin shipments of these high-performance memory chips in the second quarter of 2024. Yahoo Finance's Julie Hyman and Josh Lipton break down the details of this trending ticker. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
Investor sentiment is skyrocketing under Nvidia's (NVDA) dominance over the tech sector as the company continues to outperform most expectations on Wall Street. However, experts are issuing words of caution over the optimism contributing to a tech bubble forming that could very well pop. Yahoo Finance Executive Editor Brian Sozzi joins the Live show to give his thoughts on what investors need to know about the latest bullish calls on Nvidia, the overall tech sector, and how investors should reassess their portfolios during all this hype. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Nvidia's success is leading to fierce competition to supply it with advanced memory chips between Micron, SK Hynix and Samsung.