Key Takeaways Micron shares could remain in focus on Tuesday after leading a broad chip rally to start the week amid optimism that robust AI demand will continue to drive sector growth this year. The stock rallied from a key support area on the highest trading volume since mid-December,
American tech giant Micron Technology has broken ground for what will be Singapore’s first plant producing advanced semiconductors vital for artificial intelligence (AI) applications.
Since AI emerged as the world's next megatrend about two years ago, one product in particular has become the technology sector's holy grail.
Artificial intelligence is once again leading the market. New Street Research has tech picks to start 2025. Pierre Ferragu’s four picks for 2025 are Micron, Infineon, Nvidia, and Taiwan Semiconductor Manufacturing,
Operations are scheduled to start in 2026 with the expansion of packaging capacity beginning in 2027. Read more at straitstimes.com.
Artificial intelligence technology has been a major driver of the bull market over the past couple of years. Technology firms, especially the
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Micron Technology Inc. is investing $7 billion over the next several years to expand its manufacturing footprint in Singapore, as artificial intelligence boosts demand for advanced memory chips.
Talk about artificial intelligence and you immediately think about Nvidia (NASDAQ:NVDA), Broadcom (NASDAQ:AVGO), or even Palantir Technologies (NASDAQ:PLTR). But what if you have it all wrong? What if the future of AI is really Micron Technology (NYSE:MU)?
The main piece of news driving Micron stock higher was that Nvidia will be using Micron's high-bandwidth-memory (HBM) in its new GeForce RTX 50 Blackwell GPUs that undergird its new advanced AI platform.
Micron Technology revealed a plan to invest $7 billion for a new high-bandwidth memory (HBM) packaging plant in Singapore.