One AI Stock I’d Watch Before Nvidia’s Earnings - 24/7 Wall St.

Micron Technology stands at the heart of the AI memory trade, with its stock soaring from around $120 a year ago to over $910, driven by its role as a key supplier to NVIDIA for high-bandwidth memory ... Read original →

Micron's dominance in AI memory is reshaping the semiconductor value chain, with its HBM4 supply strengthening NVIDIA's data center capabilities, yet increasing reliance on a single customer poses risk. Despite a 346% YoY revenue surge, rising capex and potential HBM4 price declines threaten margins. Western Digital’s NAND diversification presents competitive pressure. If NVIDIA continues aggressive AI investment, Micron can maintain high margins; otherwise, supply chain disruptions may weigh on valuation. Over the next 12–24 months, demand for AI infrastructure will define DRAM and NAND markets, with Micron’s ability to sustain technical leadership becoming a key determinant of industry dynamics.