Micron Quietly Becomes AI's Memory Backbone
TL;DR Summary
Micron Technology is emerging as a cornerstone of the AI boom by supplying DRAM and high-bandwidth memory (HBM) that power AI GPUs; with demand outstripping supply, Micron has booked its entire 2026 HBM output, and is expanding U.S. capacity with Virginia upgrades and new fabs in Idaho and New York, plus a $1.8B LOI to acquire a Taiwanese fabrication site, supported by a modest valuation around 5.5x forward sales and 11x forward earnings.
Topics:top-news#ai-semiconductor-supply#dram#hbm#manufacturing-expansion#micron-technology#technology
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