Micron's Stock Skyrockets With Strong AI Chip Demand
Thursday, 4 April 2024, 17:11
Memory lane is paved with AI chips
Micron's stock soared 30.1% in March 2024, attributed to stellar second-quarter results driven by high chip demand in the AI market. The company's exposure to memory demand in AI highlighted its growth potential.
The financial report affirms strong expectations
- Management pointed to strong AI-related orders, emphasizing the collaboration with Nvidia.
- The company's HBM3E product is integrated with Nvidia's latest GPUs, showing growth potential.
Micron's stock rise reflects investor optimism in AI sales growth, despite recent challenges.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.