An executive at a key Nvidia supplier highlighted concerns about the sustainability of the current hardware boom driven by the artificial intelligence (AI) sector. The executive, whose company, Micron, benefits from the AI boom as it provides memory for Nvidia GPUs, emphasized the need for the cost of developing AI software to decrease to maintain high demand. This sentiment is echoed in the industry, with Micron Technology's CEO noting that AI workloads are significantly boosting demand for memory chips, as indicated by stock symbols $MU and $nvda. Additionally, Barron's upcoming article on hardware-based memory (HBM) and Micron's previous statements suggest that semiconductor revenue had bottomed out, with increasing demand for AI memory in various devices.
MyPOV: @MicronTech: More AI, more memory, more demand ahead https://t.co/Hv3UALoLEc 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. #adobesummit
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Barron’s is writing about hardware based memory (HBM) this weekend. If you read Micron’s transcript from last summer you would see: (i) Semiconductor revenue had troughed per management (eg, ‘it’s the bottom’) (ii) demand for AI memory increasing (iii) AI laptops and mobile… https://t.co/cRUHitmTWX https://t.co/WKuKEVskyG
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