Micron Technologies (MU) shares rose for a second day, climbing 6% after Nvidia CEO Jensen Huang confirmed Micron’s high-bandwidth memory (HBM) chips are being used in Nvidia’s new GeForce RTX 50 Blackwell gaming chips.
HBM has become a key driver for Micron, with data center revenue soaring 400% year-over-year in Q1, now accounting for over half of the company’s revenue. Positive Q4 results from Apple supplier Foxconn and Micron’s inclusion on Evercore ISI’s AI Enablers list further boosted investor confidence.
While Micron shows strong AI-related growth potential, some analysts suggest other AI stocks might offer faster, higher returns.
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