Micron Rival's Comments on Artificial Intelligence (AI) Suggest a Monster Year Is Coming
The artificial intelligence boom isn't just about chip stocks like Nvidia (NASDAQ: NVDA). It's also completely changing the dynamic random access memory (DRAM) market as we know it -- and for the better.
High-bandwidth memory (HBM) has been a niche technology for a long time, but with the advent of generative AI, it's now seeing massive demand as the go-to memory for training large language models.
(NASDAQ: MU) is the biggest U.S. DRAM memory stock, and shares are up 27% on the year even after a recent 31% correction. But Korean rival SK Hynix was an early mover on HBM and is currently up an even higher 43% for 2024.
Source Fool.com
Micron Technology Inc. Stock
€97.52
-0.470%
Currently there is a rather positive sentiment for Micron Technology Inc. with 97 Buy predictions and 5 Sell predictions.
With a target price of 126 € there is a positive potential of 29.2% for Micron Technology Inc. compared to the current price of 97.52 €.
