All articles tagged with #hbm
Micron Technology forecasts first-quarter revenue above estimates, driven by strong demand for AI hardware and high-bandwidth memory chips, particularly HBM, with an optimistic outlook on margins and sales, amid a competitive landscape with SK Hynix and Samsung.
Micron Technology CEO Sanjay Mehrotra sees the company well-positioned to benefit from the growth of AI, with analysts raising stock price targets ahead of the company's earnings release. The company's mass production of high-bandwidth-memory (HBM) chips for Nvidia's AI GPUs is expected to generate significant revenue, while also addressing environmental concerns by improving performance and reducing power consumption. Analysts anticipate Micron's increased market share in the HBM market, with price targets raised to reflect the company's potential growth and success in the AI sector.