Is Micron the Next Nvidia?
When OpenAI publicly launched ChatGPT on Nov. 30, 2022, Nvidia's (NASDAQ: NVDA) market cap was just $345 billion. Today, Nvidia is the most valuable company in the world -- worth a staggering $4.6 trillion.
The catalyst behind Nvidia's meteoric ascent was its first-mover advantage in high-performance chipsets, called graphics processing units (GPUs). Three years into the artificial intelligence (AI) revolution, however, a new gold rush is forming.
Generative AI workloads are no longer constrained purely by raw compute and capacity needs. The new bottleneck weighing on the AI infrastructure economy is memory. Below, I'll break down why Micron Technology (NASDAQ: MU) is the chip stock you'll want on your radar as demand for high-bandwidth memory (HBM) begins to surge.
Source Fool.com
Micron Technology Inc. Stock
The stock is one of the favorites of our community with 159 Buy predictions and 1 Sell predictions.
As a result the target price of 1294 € shows a very positive potential of 81.11% compared to the current price of 714.5 € for Micron Technology Inc..
