Shares of NVIDIA are trading lower in possible sympathy with Micron, which fell after reporting earnings.
Portfolio Pulse from Benzinga Newsdesk
Shares of NVIDIA are trading lower in possible sympathy with Micron, which fell after reporting earnings.
June 27, 2024 | 2:56 pm
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NEGATIVE IMPACT
Micron shares fell after reporting earnings, which may have caused a sympathy move in NVIDIA's stock.
Micron's earnings report led to a decline in its stock price, which is likely the primary reason for the sympathy move affecting NVIDIA's stock. This indicates a short-term negative impact on Micron's stock.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
NVIDIA shares are trading lower, potentially due to a sympathy move with Micron, which reported earnings that led to a decline in its stock price.
NVIDIA's stock is likely experiencing a decline due to a sympathy move with Micron, which reported earnings that negatively impacted its stock price. This suggests a short-term negative impact on NVIDIA's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80