Nvidia Certifies Micron as HBM4 Supplier, Easing Rival Deal Concerns
MU has more than doubled off its 52-week low of $103.38.
Summary
Micron's stock gained after Nvidia CEO Jensen Huang confirmed the company is certified as an HBM4 provider, alongside rivals SK Hynix and Samsung. This news follows SK Hynix's announcement of a multiyear technology partnership with Nvidia for next-generation AI memory. The explicit certification from Nvidia reassures investors that Micron remains a key supplier in the high-demand AI memory market, mitigating potential competitive concerns from the rival's deal. This reinforces Micron's strong position in the ongoing AI memory supercycle, building on recent reports of sold-out HBM supply and record financial results.
At the time of this announcement, MU was trading at $896.50 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 8 out of 10. Source: Dow Jones Newswires.