Is Micron the New Nvidia?
The Motley Fool • • business
Key Points:
- Nvidia has dominated AI chip discussions with its Hopper, Blackwell, and Rubin GPU architectures, which serve as foundational hardware for generative AI applications.
- Micron Technology is gaining attention as a rising AI chip stock due to its leadership in high-bandwidth memory (HBM), DRAM, and NAND chips, critical components as AI workloads become more complex.
- The AI accelerator market is projected to grow at a 16% CAGR to $604 billion by 2033, with Micron's memory market expected to nearly triple from $35 billion in 2025 to $100 billion by 2028.
- Rising capital expenditures from hyperscalers, exceeding $500 billion this year, have driven shortages and price increases in memory
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