NEW YORK, NY / ACCESSWIRE / March 27, 2017 / Good times are ahead for both Micron and NVIDIA as both companies are seeing higher demand for their products over the next two quarters. Micron is beating analyst's estimates, while NVIDIA's artificial intelligence technology continues to be adopted by enterprise companies. Also, one of NVIDIA's CEO's gets special recognition from a major financial publication.

RDI Initiates Coverage:

Micron Technology, Inc. https://ub.rdinvesting.com/news/?ticker=MU

NVIDIA Corporation https://ub.rdinvesting.com/news/?ticker=NVDA

Micron Technology advanced 7.40% to close at $28.43 on Friday. The stock traded between a daytime high of $29.87 and low of $28.16 on volume of 107.5 million shares traded. The company's stock price has steadily increased over the last 12 months based on global demand for their microprocessor chips that can be used in a variety of computing devices. The demand, many analysts are predicting, will continue to remain high throughout the 3rd quarter of this year.

Micron's fiscal 2nd quarter result and outlook for the 3rd quarter on March 24 has blown away analysts' estimates. Driven by higher DRAM prices and revenue growth across all business segments, Micron has reported 58 percent year-on-year growth and 17 percent sequential growth in revenue totally $4.65 billion for the fiscal 2nd quarter. Net income of $894 million or $0.77 a share and Non-GAAP earnings of $0.90 a share, surpassed analysts' estimated Non-GAAP earnings of $0.86 a share. Most importantly, quarterly gross margin of 36.7 percent has nearly doubled year-on-year and Micron is now expecting earnings in the range of $1.43 a share to $1.57 a share on revenue of $5.2 billion to $5.6 billion range with gross margin in 44 percent to 48 percent range for the fiscal 3rd quarter.

Access RDI's Micron Technology Research Report at: https://ub.rdinvesting.com/news/?ticker=MU

NVIDIA Corporation moved higher by 0.35% to close at $107.47 on Friday. The stock traded between $109.29 and $106.42 on volume of 10.99 million shares traded. News on Friday has client Tencent Cloud planning to adopt NVIDIA Tesla GPU accelerators in order to help advance artificial intelligence capabilities for their enterprise customers. Ian Buck, head of Accelerated Computing at NVIDIA, said that, "Through Tencent Cloud, more companies will have access to NVIDIA's deep learning platform, the world's most broadly adopted AI platform."

In other corporate news, Jen-Hsun "Jensen" Huang was a new name that appeared on Barron's Top 30 list of CEOs. The list was made from CEOs who "demonstrated an ability to outperform during a slow patch for commerce." With the combination of advancing technologies and a quality leadership, NVIDIA's stock has gained more than 200 percent in last 1 year and has "overweight" ratings from the consensus of analysts.

Access RDI's NVIDIA Research Report at: https://ub.rdinvesting.com/news/?ticker=NVDA

Our Actionable Research on Micron Technology, Inc. (NASDAQ: MU) and NVIDIA Corporation (NASDAQ: NVDA) can be downloaded free of charge at Research Driven Investing.

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