Closing Bell: Nvidia Extends Rally, Circle Shares Rise, Micron Slides

Stock Movers

On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Carol Massar and Tim Stenovec.
- Nvidia (NVDA) shares continues its rally that started yesterday when it rose to an all-time high. Recent earnings from Nvidia were a notable catalyst for bulls, as the report showed robust growth and pointed to more strength ahead despite the impact of restrictions on the sales of advanced semiconductors in China. Prints from Microsoft Corp., Meta Platforms Inc., Alphabet Inc., and Amazon.com Inc. — which together make up more than 40% of Nvidia’s revenue, per supply chain data compiled by Bloomberg — further underlined how the company’s biggest customers continue to spend aggressively building out their AI infrastructure.
- Circle (CRCL) shares rose after dropping 25% just two days ago as more players begin to enter the stablecoin industry since the Senate passed new legislation.
- Micron (MU) shares slid as invested digested its earnings results from yesterday after the closing bell. The top-performing chipmaker on Wall Street this year, delivered an outlook that wasn’t quite rosy enough to keep its 2025 rally going. Though the company posted third-quarter results and a fourth-quarter forecast that exceeded estimates, the stock began sliding Wednesday in late trading after a conference call with executives and continued to decline Thursday. A key focus was high-bandwidth memory, a component used in artificial intelligence computing. The technology is fueling a sales surge at Micron, but the company didn’t predict the kind of runaway growth that some investors were looking for.

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