NVDA - Why Micron Stock Hit A New 52-Week High | Benzinga
Micron Technology, Inc. (NASDAQ:MU) shares are trading higher Monday after the company announced it has begun volume production of its High Bandwidth Memory 3E (HBM3E) solution.
The Details:
Micron said its 24GB 8H HBM3E will be part of Nvidia Corporation‘s (NASDAQ:NVDA) H200 Tensor Core GPUs, which will begin shipping in the second quarter of 2024. Micron added the HBM3E leads the industry with approximately 30% lower power consumption compared to competitive offerings.
“Micron is delivering a trifecta with this HBM3E milestone: time-to-market leadership, best-in-class industry performance, and a differentiated power efficiency profile,” said Sumit Sadana, chief business officer at Micron Technology.
“AI workloads are heavily reliant on memory bandwidth and capacity, and Micron is very well-positioned to support the significant AI growth ...