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.

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Source Fool.com