NVIDIA Corp. stock rose more than 1% in Thursday’s premarket session as investors welcomed strong results from Micron Technology Inc., reinforcing optimism about continued spending on artificial intelligence infrastructure. Micron reported adjusted third-quarter earnings of $25.11 per share on revenue of $41.46 billion, beating Wall Street expectations, and forecast fiscal fourth-quarter adjusted earnings of about $31 per share on revenue of roughly $50 billion. NVIDIA shares were up 1.33% at $201.64 during premarket trading on Thursday. The stock remains up nearly 29% over the past 12 months but is consolidating in the near term, trading about 4% below both the 20-day and 50-day simple moving averages. Wall Street expects NVIDIA to report quarterly results on or around August 26, with analysts forecasting earnings of $2.07 per share on revenue of $91.70 billion. The stock carries a consensus Buy rating with an average price forecast of $323.83.