NVDA - Why Micron Broadcom And Lam Research Shares Are Moving Higher Thursday | Benzinga
Several semiconductor stocks including Micron Technology Inc (NASDAQ:MU), Broadcom Inc (NASDAQ:AVGO) and Lam Research Corp (NASDAQ:LRCX) are trading higher Thursday in sympathy with NVIDIA Corp (NASDAQ:NVDA), which jumped after reporting earnings for the first quarter.
What Happened With NVDA: Nvidia beat analyst estimates for the first quarter on the top and bottom lines, reporting revenue of $26.044 billion versus analyst estimates of $24.646 billion and earnings of $6.12 per share versus estimates of $5.59 per share.
Nvidia also issued upbeat guidance, forecasting second-quarter revenue of $28 billion, plus or minus 2%, versus estimates of $26.64 billion, according to data from Benzinga Pro.
"The next industrial revolution has begun — companies and countries are partnering ...