Aug. 26 is going to be a big day for the stock market.
Nvidia (NASDAQ: NVDA), the world’s largest company by market cap, will release its fiscal 2027 second-quarter results on that date
Nvidia’s results can be considered as a barometer of the state of artificial intelligence (AI) technology, which has played a central role in boosting the stock market in recent years. A solid set of numbers and guidance from Nvidia will boost investor confidence not just in this AI stock but in the overall AI infrastructure ecosystem. That’s why I believe that Micron Technology (NASDAQ: MU), one of Nvidia’s key suppliers, could witness a parabolic jump in its stock price after Aug. 26.
Let’s look at the reasons why that may be the case. Nvidia’s next-generation AI chips will give Micron’s prospects a big boost Micron makes high-bandwidth memory (HBM) for Nvidia. These dedicated AI memory chips are deployed in chip systems to quickly transport massive data sets to graphics cards and other AI accelerators.