NVIDIA and AMD's Woes Could Send Micron Technology Stock Soaring
Graphics card giants NVIDIA (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) have already launched their latest generation graphics cards, but both chipmakers are finding it difficult to fulfill orders because of unprecedented demand and supply chain constraints.
It is being reported that NVIDIA and AMD's graphics card shortage could last for at least the next three months, and a lack of GDDR6 memory is being blamed for the holdup. GDDR6 is a specialized type of DRAM used in gaming consoles and graphics cards. They are more powerful than the standard DRAM we typically use in our computers.
As gaming hardware demand has remained strong in 2020 and the pandemic has thrown supply chain operations out of gear, it is not surprising to see why AMD and NVIDIA are finding it difficult to gather a critical component that goes into their latest GPUs (graphics processing units). But the problems faced by the two tech giants could turn out to be a tailwind for Micron Technology (NASDAQ: MU). Let's see why.
Source Fool.com
