Micron Approved as HBM4 Supplier for Nvidia, Bolstering AI Memory Position
MU has more than doubled off its 52-week low of $103.38.
Summary
Micron has been approved as an HBM4 supplier for Nvidia, a major strategic win that solidifies its position in the high-growth AI memory market. This follows a period of strong demand for Micron's HBM products, with supply already sold out for 2026. Analysts are projecting $19.63 EPS and $34.27 billion in revenue for the upcoming June 24 earnings, reflecting robust AI memory demand. The actual Q3 earnings on June 24 will be key to validating these expectations.
At the time of this announcement, MU was trading at $857.99 on NASDAQ in the Technology sector, with a market capitalization of approximately $974.4B. The 52-week trading range was $103.38 to $1,089.29. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.