All Major Semiconductor Stocks Remained Green in Morning Trading; Micron Jumped Over 6% While NVIDIA Rose Over 3%

Tiger Newspress2023-07-27

All major semiconductor stocks remained green in morning trading; Micron Technology jumped over 6% while NVIDIA Corp rose over 3%.

The demand for high bandwidth memory (HBM) is taking off, thanks to OpenAI’s ChatGPT, which has led to a surge in generative AI servers. Micron Technology, a tad behind its large competitors regarding HBM, has just unveiled its newest version, an 8-high 24GB HBM3 Gen2. Micron is dubbing it as the most advanced in the market currently, and its HBM3 will be able to speed up the development of generative AI.

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setia100
2023-07-27
setia100
Looks like traders have caught up with AI fever and forgotten about US-China chip war dampening semiconductor sales 😲

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