"Micron Technology ( ) shares soared to an all-time high of $260 earlier this month, riding the wave of AI-driven optimism in the semiconductor sector. But like most chip and tech stocks, the memory chip maker has trended lower since, caught in broader market jitters over AI hype fears. Last week, the selloff intensified, with Micron plunging 10% in a single session - triggered partly by Nvidia's ( NASDAQ:NVDA ) earnings report, which, despite beating estimates, highlighted rising costs and slower data center growth."
"Micron stands out thanks to its commanding position in DRAM and NAND flash memory. DRAM, essential for temporary data storage in servers, PCs, and smartphones, accounts for over half of Micron's revenue. The company controls about 23% of the global DRAM market, behind only Samsung and SK Hynix. NAND flash, used for long-term storage in solid-state drives (SSDs) and mobile devices, adds another 40% to sales, with Micron holding a 12% share."
Micron Technology shares reached an all-time high of $260 before falling amid AI hype fears and market jitters. A recent selloff included a 10% plunge following Nvidia's earnings that showed rising costs and slower data center growth. Micron controls about 23% of the global DRAM market and about 12% of NAND, with DRAM contributing over half of revenue and NAND roughly 40%. The company is ramping HBM3E production and shipping samples, targeting high-bandwidth memory demand from AI accelerators. Analysts project the HBM market to grow from $4 billion in 2023 to nearly $100 billion by 2030.
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