Micron Technology’s Stock Soars After Nvidia’s CEO Recognition MU experienced a significant 3.7% increase in early trading at CES 2025, following a high-profile endorsement from Nvidia Corp NVDA CEO Jensen Huang.

Nvidia’s New Chips Highlight Micron’s Contributions

During the event, Huang announced that Micron’s high-bandwidth memory (HBM) chips are embedded in Nvidia’s new Blackwell architecture, hailing them as a significant breakthrough for AI and graphics performance.

He stated, “We’re using Micron’s G7 memory at 1.8 terabytes per second — that’s double the performance of previous models,” while introducing Nvidia’s GeForce RTX 50 series GPU. This acknowledgment strategically positions Micron as a leader in next-gen AI hardware, with CEO Sanjay Mehrotra calling HBM demand “transformational” for the company based in Boise.

Additionally, Nvidia introduced a $3,000 computer named “Project Digits,” which also utilizes Micron’s DDR5X HBM and adds to the excitement around the partnership.

Read Also: Stock Of The Day: Micron At Risk Of Breaking Key Support

Retail Investor Sentiment Grows, Despite Mixed Signals for MU Stock

While the stock’s rally is noteworthy, technical indicators paint a more complicated picture for investors.

Chart created using Benzinga Pro

• Bullish Indicators: MU stock currently trades above its eight-day, 20-day, and 50-day simple moving averages.
• Bearish Cautions: MU remains under its 200-day SMAs, with a moving average convergence/divergence (MACD) reading of negative 1.79 suggesting caution.

Micron’s relative strength index (RSI) sits at 59.68, indicating the stock is in a neutral position, neither overbought nor oversold, which leaves potential for further movement.

Looking Ahead

Micron’s collaboration with Nvidia on the Blackwell chips could reinforce its role in the growing sectors of AI and gaming.

With rising demand for memory, Micron may finally be poised for a turnaround after experiencing a challenging six months. However, investors will need to decipher these mixed technical signals as they evaluate whether the current rally is sustainable.

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