335% GAIN ON MICRON (MU) – AI WILL DRIVE HIGH BANDWIDTH MEMORY DEMAND
By Nigam Arora & Dr. Natasha Arora
Signal(s) to enter, add, reduce, exit, hold or change.
Micron (MU) is long from $21.77. It is trading at $94.63 as of this writing. This represents a 335% gain.
AI
Micron is a maker of semiconductor memory. Demand for high bandwidth semiconductor memory is rapidly increasing due to AI.
Risk
Even though the demand for high bandwidth memory for AI is increasing, the bulk of Micron’s business is still traditional memory. Traditional memory is a commodity business with three major players: Micron, Samsung (SSNLF), and SK Hynix.
Pricing in the commodity memory business depends on what these three players do. … Please click here or the title below to read more.
March 4, 2024