Micron Technology ($MU) announces that its high-bandwidth memory (HBM) is sold out for calendar 2024, with most of the 2025 supply already allocated. The company attributes this to the increasing demand for memory chips driven by AI workloads, resulting in positive effects on pricing across memory and storage markets. Micron's strong performance has led to a surge in its stock price, with analysts raising price targets and predicting a record year in 2025. The AI boom has significantly benefited Micron and other chip stocks, with the company's AI-related products driving growth and profitability.
Micron's stock price has benefitted from the AI boom (it provides memory for Nvidia GPUs) So worth paying attention when an exec says prices need to drop + he's cautious about how long the soaring demand will last Full Q&A here: https://t.co/FhTYXTI7pW $mu $nvda https://t.co/HxL5GzwWqG
Hardware companies like Micron have benefited from the AI boom. But the Nvidia supplier said the cost of developing AI software needs to come down for demand to remain high "We’re all wondering, how much of this is going to be sustained?" Full Q&A: https://t.co/FhTYXTI7pW $MU
Executive at a key Nvidia supplier says AI costs need to drop and he doesn't how how sustainable the current hardware boom is. Full interview here: https://t.co/LdZQyZJRuq $MU @anissagardizy8 $nvda https://t.co/N3nxeXgb1b
Micron Sells Out Entire HBM3E Supply for 2024, Most of 2025 https://t.co/kmHNyZmckY https://t.co/TNOmLRxViP
AI 5 update: +6.6% today for Broadcom (AVGO) takes its 22% YTD return higher than both AMD and MSFT YTD. #AI5 MU (not in the AI 5) is making a +15% move on its HBE memory for AI installations being sold out for 2024, driving its YTD return to 29%. Other high quality AI-enabled… https://t.co/b239Oc6yI5
AI 5 update: +6.6% today for Broadcom (AVGO) takes its 22% YTD return higher than both AMD and MSFT YTD. #AI5 MU (not in the AI 5) is making a +15% move on its HBE memory for AI installations being sold out for 2024, driving its YTD return 29%. Other high quality AI-enabled… https://t.co/n59L1nbaDe
Micron says high bandwidth memory is sold out for 2024 and most of 2025 — intense demand portends potential AI GPU production bottleneck https://t.co/EjiBqoEnpX https://t.co/GEoGxih1Gp
.@MicronTech’s stock posts huge gain after crushing forecasts in its latest #earnings results https://t.co/K7eLV39hUh @SiliconANGLE @Mike_Wheatley “But investors should be aware that Micron’s profit situation was sweetened by a tax provision benefit...” - @holgermu
.@MicronTech: More AI, more memory, more demand ahead https://t.co/6gOtoLBER5 Micron Technology CEO @MicronCEO said artificial intelligence workloads are boosting demand for memory chips as AI-optimized systems with GPUs and upcoming AI PCs are faring well.
.@MicronTech’s stock posts huge gain after crushing forecasts in latest #earnings results https://t.co/ibPWYewsNe @SiliconANGLE @Mike_Wheatley “But investors should be aware that Micron’s profit situation was sweetened by a tax provision benefit...” - @holgermu @constellationr
The latest AI derivative play Micron Tech is surging double digits. What analysts say happens next https://t.co/pC5zY3bMD2
$MU CEO says 2025 could be a record year and that the memory chip company is an AI beneficiary
BREAKING: Micron stock, $MU, is officially trading above its July 2000 peak for the 2nd time in history. Micron is trading in all time high territory, 15% above its Dot-com bubble peak, after reporting strong earnings. The company reported that revenue rose to $5.8 billion from… https://t.co/ItbqsgS6qR
Why Micron’s stock is cruising toward its best day in 12 years https://t.co/MnETUTr7yN
Analysts race to reset Micron price targets as Nvidia deal hypes outlook https://t.co/atEewkOe8x
MICRON $MU price-target raised to Wall St. high of $225 (from $140) at Rosenblatt, citing that "we are about to witness the biggest memory cycle in history": "Micron crushed its February quarter print and May quarter outlook on strong AI momentum, general market recovery, and a…
Micron $MU delivers upbeat guidance after swinging to surprise profit in Q2 https://t.co/55ZbKFBEca https://t.co/wGK9F8JU4n
Micron’s Surprise AI Boost Lifts Western Digital, AMD, Seagate, Other Chip Stocks https://t.co/y2aPCWU8CU
$MU CEO:"[ $NVDA's] Blackwell GPU architecture-based AI systems..provides a 33% increase in HBM3E content, continuing a trend of steadily increasing HBM content per GPU..Our HBM is sold out for calendar 2024 & overwhelming majority of our 2025 supply has already been allocated"
Micron blows away Wall Street estimates, but a specter potentially looms https://t.co/k5icxQxcqb
$MU CEO: "AI server demand is driving rapid growth in HBM (high-bandwidth memory), DDR5 (D5) & data center SSDs, which is tightening leading-edge supply availability for DRAM & NAND....resulting in a positive ripple effect on pricing across all memory & storage end markets" https://t.co/IDmbQEywi8
In one image...The implied correlation between AI and Memory. @MicronTech goes from billion-dollar plus losses to nearly a billion in profit because AI chips need memory...lots of it. $MU and its peers should heat up now. The Memory market is turning. https://t.co/d4JfqKWUVi
Very bullish signal for Nvidia Blackwell demand -> Micron: "Our HBM is sold out for calendar 2024, and the overwhelming majority of our 2025 supply has already been allocated."
$MU: "Our HBM is sold out for calendar 2024, and the overwhelming majority of our 2025 supply has already been allocated." https://t.co/Z1MLo6xUXI https://t.co/ULDTPKvcYu