NVIDIA Gets the Headlines, But Micron Could Offer More Upside - Zacks Investment Research

While NVIDIA remains the central figure in the AI computing landscape, Zacks Investment Research suggests that Micron Technology may offer greater upside potential. The analysis highlights Micron's st... Read original →

The AI compute arms race is shifting from processors to memory, where Micron—among only three global DRAM leaders—holds pivotal influence. Its 1β node and EUV adoption pace will cap AI data center energy efficiency. Technically, surging HBM4 demand is diverting TSMC’s CoWoS capacity toward SK Hynix; if Micron misses 3nm-class HBM volume by 2027, it risks exclusion from premium supply chains. Geopolitically, U.S. CHIPS Act 'guardrails' restrict Micron’s China expansion, while Chinese AI server makers accelerate CXMT validation—forcing Micron to build fabs in Mexico or India to mitigate disruption. Competitively, with SK Hynix locked into NVIDIA and Samsung betting on GAA transistors, Micron partners with Marvell on CXL memory pooling to carve an open ecosystem. Over the next 18 months, as AI inference shifts to edge nodes, high-bandwidth, low-power memory becomes the new battleground. If Micron leverages U.S. capital reshoring to scale capacity, a significant re-rating looms.