NVIDIA shares are trading lower In sympathy with Micron Technology after the company reported Q3 financial results and issued guidance.
Portfolio Pulse from Benzinga Newsdesk
NVIDIA shares are trading lower in sympathy with Micron Technology after Micron reported Q3 financial results and issued guidance.
June 26, 2024 | 8:24 pm
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NEGATIVE IMPACT
Micron Technology reported Q3 financial results and issued guidance, leading to a decline in its stock price.
Micron's Q3 financial results and guidance directly impact its stock price, causing a decline due to possibly disappointing figures or outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
NVIDIA shares are trading lower due to negative sentiment from Micron Technology's Q3 financial results and guidance.
NVIDIA's stock is affected by Micron's financial performance due to their related industries. Negative results from Micron create a bearish sentiment for NVIDIA.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80