Nvidia Surges Yet Again In Premarket: Jim Cramer Sees Micron's Hand In AI Stalwart's Stock Rally
Portfolio Pulse from Shanthi Rexaline
Nvidia (NVDA) shares are rallying in premarket trading, continuing gains after a 6.76% jump on Tuesday. The rise is attributed to expected positive news from Micron Technology (MU), which is set to report its earnings. Jim Cramer suggests Micron's results could further boost Nvidia's stock.
June 26, 2024 | 12:14 pm
News sentiment analysis
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POSITIVE IMPACT
Micron Technology's upcoming earnings report is seen as a potential catalyst for Nvidia's stock rally. Jim Cramer suggests that positive results from Micron could further boost Nvidia's stock.
Micron Technology's earnings report is highly anticipated and is seen as a potential catalyst for Nvidia's stock rally. Positive results from Micron could have a favorable impact on Nvidia's stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
Nvidia shares are rallying in premarket trading, continuing gains after a 6.76% jump on Tuesday. The rise is attributed to expected positive news from Micron Technology, which is set to report its earnings.
Nvidia's stock is experiencing a rally in premarket trading, continuing its upward trend from the previous day. The rise is linked to anticipated positive earnings from Micron Technology, which could further boost Nvidia's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100