Micron Technology’s Market Potential
Micron Technology (NASDAQ: MU) has seen nearly a 300% increase in stock value over the past year. However, during its recent conference call, the company revealed it can only meet about 50-66% of current demand for high-bandwidth memory (HBM), crucial for AI computing units. The total HBM market is expected to expand from $35 billion in 2025 to $100 billion by 2028.
Micron anticipates revenue growth from $23.9 billion this quarter to $33.5 billion next quarter, indicating strong demand despite recent fluctuations due to Google’s TurboQuant algorithm, which may reduce memory demand but won’t eliminate it entirely. The company faces a production bottleneck until it can increase capacity by 2027.
