Micron Ramps Up Production of AI Memory Chips for Nvidia's Next-Gen Accelerators
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Micron has started mass production of its HBM3E memory chips that will be used in Nvidia's next-gen AI accelerators.
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Strong demand forecasted for Nvidia's new H200 Tensor Core GPUs containing Micron's chips.
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Micron expanding production capacity to meet rising HBM memory demand from AI chips.
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Total HBM memory market projected to reach $38 billion by 2029, boosted by AI adoption.
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Micron stock could surge over 100% in next 3 years if revenue hits estimated $35 billion by 2026.