2024-03-25 08:47:12 ET
Summary
- Micron Technology is poised to benefit from the growing demand for AI infrastructure on top of the upswing in legacy servers.
- The company's advanced memory and storage chips are in high demand, with 2024 HBM chips already sold out and 2025 nearing capacity.
- HBM3E is expected to start being accretive in e2h24 as manufacturing scales. This growth should persist as more firms adopt AI infrastructure in the years ahead.
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Micron Will Experience Strong Tailwinds As GPU Capacity Loosens Up