It’s a tale of two markets for Micron Technology. On one hand, AI revenue is skyrocketing, driven by high-bandwidth memory chips powering Nvidia's game-changing GPUs. On the other? Consumer markets like PCs and smartphones are slumping harder than my holiday diet plans.
In this issue, we’ll dig into Micron’s latest earnings, analyst reactions, and why their AI growth story might just be the saving grace they desperately need.
Breakdown:
AI Revenue Takes the Spotlight: Data center revenue now accounts for over 50% of Micron’s sales. Nvidia’s Blackwell GPUs are leading the charge.
Consumer Slump: Mobile and PC chip revenue are dragging. Smartphones? Down 19%. PCs? Let’s not even talk about it.
HBM Chips: The Future?: Micron forecasts the HBM market will hit $30 billion by 2025. Their own revenue is expected to multiply by billions.
Analyst Takes: Mixed reactions from Wall Street. Bank of America downgraded the stock, while others lowered price targets but stayed optimistic.
Why It Matters:
Micron’s AI-driven growth could redefine their business. But is it enough to weather the consumer market storm? Let’s find out together.
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