Bank of America revamps Micron stock price on earnings
Artificial intelligence has transformed the tech market. Memory manufacturers that don’t make AI software or GPUs have reaped the benefits of the increased demand arising from this new trend.
Micron is the third-largest supplier of memory chips, including DRAM, NAND, and high-bandwidth memory (HBM). HBM chips are essential to the AI market. GPUs that power AI data centers are becoming progressively powerful but are being bottlenecked by memory bandwidth, which has created a surge in demand for HBM.
Another thing needed for data centers is enterprise-grade SSDs with huge capacities built with NAND flash memory chips — another boon for Micron.
