The volatile month for shares of Nvidia (NVDA) 💮continued Thursday, as the stock surged in early trading only to slip into negative territory in ജthe afternoon.

The chip-maker’s shares, the year’s second-best performers in the S&P 500, rose more than 3% in the opening minutes of Thursday's session to trade near $127. That put them substantially above the roughly $119 at which they finished August, marking a recovery from September intraday lows near $101. 

In recent trading, however, the stock was d𒅌own about 0.2% near $123, as the S&P 500 and Nasdaq Composꦐite also came off their earlier highs.

Micron Earnings Provided an Early Boost

The early move Thursday came as earnings from Micron (MU), a Nvidia partner, came in better than expected, sending chip stocks higher across the board. Micron pointed to "robust AI demand" as it issued a 澳洲幸运5官方开奖结果体彩网:rosy revenue outlook.

Bank of America analysts in a Thursday note said Micron’s results pointed to “a positive read-acroܫss” for Nvidia and other semi stocks. 

Analysts Remain Bullish on Nvidia

Wall Street analysts are still broadly bullish on Nvidia’s shares. Nearly all of the analysts currently tracking 🐻the stock have “buy” ratings on it, according to Visible Alpha data, while their mean price target  of $152.52 represents a more than 20% premium to Wednesday’s closing price.

Nvidia CEO Jensen Huang earlier this week reported the 澳洲幸运5官方开奖结果体彩网:conclusion of a planned sale of some $700 million in company stock.