Micron Technology Poised for Growth as AI Drives Memory Chip Demand

Analysts predict Micron's Dec. 18 earnings report will highlight surging AI-related revenues despite challenges in consumer tech markets.

Micron Technology has faced a mixed year, with its stock underperforming the Nasdaq despite a 24% gain in 2024.
The company is a key supplier of high-bandwidth memory (HBM) chips, increasingly used in AI systems like Nvidia's Blackwell processors.
Analysts expect Micron's fiscal Q1 earnings to show significant revenue growth, driven by AI demand, but tempered by weak PC and smartphone markets.
Micron recently received $6.1 billion in U.S. government support under the CHIPS Act to expand domestic production of advanced memory chips.
The global market for HBM chips is projected to grow from $4 billion in 2023 to $25 billion by 2025, positioning Micron as a leader in this sector.