Western Digital, Nvidia, Other Chip Stocks Are Rising Wednesday: What's Behind The Move?

Several chip stocks are moving higher after the market close on Wednesday alongside Micron Technology Inc (NASDAQ:MU), which jumped after the company reported strong quarterly results.

What Happened With MU: Micron beat analyst estimates on the top and bottom lines, reporting revenue of $7.75 billion versus estimates of $7.635 billion, and earnings of $1.18 per share versus estimates of $1.13 per share.

Micron said its 93% revenue growth in the quarter was driven by robust AI demand, which was the main driver of ...