Micron vs. NVIDIA: One AI Stock Is a Clear Buy Right Now - Yahoo Finance

Amid the artificial intelligence boom, semiconductor giants Micron Technology and NVIDIA have shown divergent performance trends. Over the past year, Micron's stock surged 761.5%, significantly outpac... Read original →

Micron’s 761% stock surge reflects real scarcity in HBM3e/HBM4 supply, not speculation. As AI accelerators hit memory bandwidth limits, HBM has become the critical bottleneck—exacerbated by TSMC’s CoWoS packaging constraints, which amplify Micron’s pricing power. NVIDIA, despite its 75% gross margin, faces hidden supply chain risk: each Blackwell GPU consumes up to eight HBM stacks. Geopolitically, U.S. CHIPS Act subsidies are reshoring memory capacity, undercutting Korean rivals and positioning Micron as the primary beneficiary. Over the next 12 months, sustained NAND price recovery and HBM4 ramp could push Micron’s margin beyond 85%. NVIDIA will likely respond by optimizing Grace Hopper architectures to reduce HBM dependency or qualifying second sources from Taiwan, China. In the near term, Micron offers the highest leverage in AI infrastructure.