Should You Buy Micron Stock Before June 24? - The Globe and Mail

Micron Technology, a leading global memory chip manufacturer, has seen its stock surge over 230% this year, driven by strong demand from the artificial intelligence (AI) infrastructure boom. With its ... Read original →

Micron’s rally reflects a structural shift, not a cyclical bounce: AI infrastructure is creating non-negotiable demand for HBM3e and upcoming HBM4. Though lagging Samsung and SK Hynix in 3nm DRAM and EUV adoption, Micron secures premium pricing through deep integration with NVIDIA and Broadcom’s AI ecosystems. Geopolitical friction is intensifying—U.S. CHIPS Act restrictions limit its China capacity expansion, while overreliance on Taiwan, China and Korea exposes supply chain fragility to regional instability. In response, Samsung is fast-tracking HBM4, and SK Hynix is diversifying into AMD partnerships to reduce client concentration risk. Over the next 12–24 months, HBM will transition from optional to mandatory in AI servers, driving >40% CAGR. High capex and technical barriers will squeeze out smaller players, consolidating the market. Despite lofty valuations, the AI memory supercycle remains underpriced.