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The Zacks Analyst Blog Highlights Seagate, Abercrombie & Fitch, BrightView, The Gap and Micron
Nvidia Gets Rare Downgrade Over Concerns That Demand Is Normalizing 'In Line With Expectations:' Stock 'Getting Fully Valued'
Nvidia has received a rare downgrade from New Street Research, with the analyst citing concerns about the stock's overvaluation.
New Silk President Gaisen Xin: AI promotes doubling growth in the semiconductor industry.
The three-day World Artificial Intelligence Conference (WAIC) will be held in Shanghai on July 4-6, 2024. Despite the continuous high temperature, the enthusiasm of everyone has not been affected. Even though the temperature keeps rising, the venue is still crowded with people.
Is Now the Time to Buy Micron Technology Stock?
The artificial intelligence (AI) market has exploded over the past year, and among the businesses benefiting from this growth is Micron Technology (NASDAQ: MU).
Nvidia (NVDA.US) was downgraded due to valuation concerns, while Advanced Micro Devices (AMD.US) and Taiwan Semiconductor (TSM.US) are still favored.
Pierre Ferragu, an analyst at New Street Research, downgraded Nvidia's rating from Buy to Neutral.
Micron Technology Options Spot-On: On July 5th, 331.43K Contracts Were Traded, With 1.57 Million Open Interest
On July 5th ET, $Micron Technology(MU.US)$ had active options trading, with a total trading volume of 331.43K options for the day, of which put options accounted for 26.74% of the total transactions,