NVIDIA Corporation has seen its stock price surge over 60% in the past year, driven by unprecedented demand for its graphics processing units (GPUs) from major tech companies investing in artificial intelligence (AI) data centers. This strong demand has supported significant revenue growth, with NVIDIA maintaining a dominant position in both hardware and software markets under CEO Jensen Huang.
Micron Technology has also emerged as a competitive player in the AI space, with its stock increasing over 600% in the past year. Micron’s high-bandwidth memory (HBM) chips are currently in high demand, primarily from hyperscalers enhancing their AI infrastructures. Micron anticipates that its HBM segment will grow from a market size of approximately $35 billion in 2025 to nearly $100 billion by 2028, projecting revenues of $33.5 billion for the fiscal third quarter of 2026, up from $23.86 billion in the preceding quarter.
The tight supply of HBM chips is expected to support elevated pricing and margin expansion. Micron is also forecasting a gross margin of 81% for the upcoming fiscal third quarter, indicating robust financial momentum as it navigates ongoing supply constraints.
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