GoKawiilNvidia shares approach May's $236.54 record high ahead of Micron earnings
Nvidia stock climbed near its all-time high of $236.54 set in May, having risen 15% over the past three months even as other AI-related stocks lagged. CoreWeave separately announced plans to deploy Nvidia's upcoming Vera Rubin chip platform in its data centers. Micron shares also rose ahead of its Wednesday evening earnings report, with investors anticipating strong results driven by tight memory supply.
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Jim Cramer suggested that clearing the May high could draw new buyers into Nvidia, while failing to break through might prompt doubts about the durability of its rally. CoreWeave's commitment to Vera Rubin offers an early signal of demand for Nvidia's next chip generation, though the significance depends on how widely other customers adopt it. Micron's results are seen as a test of how long the current AI-driven memory shortage can support elevated pricing and demand.
- Nvidia shares are nearing their May all-time high of $236.54 after a 15% three-month gain.
- CoreWeave plans to deploy Nvidia's next-generation Vera Rubin platform in its data centers.
- Micron rose ahead of earnings, with investors watching how long AI-driven memory demand can outpace supply.
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Published there as: “Nvidia is approaching a breakout level. Plus, what we want to see from Micron”
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