Nvidia edges higher after Micron forecast, AI chip shares stay in focus

By Daniel Hoffmann, Chart & Technicals desk. Reviewed prior to publication on 2026-06-25, 21:35.

Nvidia (US67066G1040) shares trade on the NASDAQ and remain closely watched on Thursday as investors respond to renewed optimism in the AI chip segment sparked by Micron Technology's latest guidance, according to market reports from Barchart and other US exchanges.

Micron guidance lifts AI chip sentiment

Micron Technology, a major memory chip producer and direct peer in the broader semiconductor space, issued what analysts described as a "blowout" forecast for its fiscal Q4 revenue, signalling around 50 billion dollars compared with a consensus near 43.24 billion dollars, which supported sentiment in AI-related semiconductor names including Nvidia.

Market commentary from Barchart noted that Micron's guidance helped reaffirm the bullish case for the artificial intelligence trade, contributing to strength in chipmakers early in the session and partially offsetting weakness elsewhere in the Magnificent Seven technology cohort that includes Nvidia, Alphabet, Amazon, Apple, Meta, Microsoft and Tesla.

Nvidia among Magnificent Seven under pressure

Despite the positive impulse from Micron, broader indices were mixed, with the S&P 500 and Nasdaq 100 fractionally lower while the Dow Jones Industrial Average ticked higher, as the Magnificent Seven group showed weakness on the day, a dynamic that typically affects Nvidia given its status as a heavy-weight growth stock within the Nasdaq and S&P 500.

Analyst and investor commentary across US financial portals highlighted that Nvidia remains central to the AI infrastructure trade, with sensitivity to sector flows and macro data, and that strong peer guidance such as Micron's tends to support medium-term expectations around GPU demand in data centers and high-performance computing.

What Nvidia sells in AI

Nvidia derives most of its revenue from designing and selling graphics processing units and related systems for gaming, data centers and professional visualization, with its current flagship AI data center platform built around the H100 and newer Blackwell architecture, which it markets for training and inference workloads in cloud and enterprise environments.

Where Nvidia stock trades today

Nvidia shares trade on the NASDAQ in US dollars; the latest verified quote from US exchange data sources shows the stock changing hands at a high nominal level consistent with its status among the largest constituents of the S&P 500 and Nasdaq 100, though intraday volatility remains marked as investors reassess AI chip growth trajectories.

This article was produced with AI assistance and editorially reviewed. Price and company figures without guarantee; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Stock-market transactions carry risks up to and including total loss.