Key Points
At the Annual Product Expo on March 18, Nvidia CEO Jensen Huang announced projections that Nvidia’s AI processors will generate $1 trillion in sales by 2027. Nvidia is currently the world’s most valuable company by market capitalization.
Micron Technology Inc., a major supplier of memory chips to Nvidia, recently began high-volume production of its 36 gigabyte HBM4 memory chip. The company generated $23.9 billion in revenue in Q2 2026, marking a 75% increase quarter-over-quarter and a 196% rise year-over-year, with a net income of $14 billion, reflecting a 686% increase compared to Q2 2025. Micron’s earnings per share for the quarter reached $12.20, surpassing projections by $3.47.
Due to a significant shortage in memory chips, prices for RAM are expected to rise by 50% in the first quarter of 2026. Industry analysts project that this shortage may persist until 2030, posing a growing opportunity for Micron as demand from AI continues to surge.
