Micron Technology, Inc. (NASDAQ:IN) announced the sampling of its next-generation GDDR7 graphics memory, which has the highest bit density in the industry, Computex event in Taiwan.
Using Micron’s 1β DRAM technology, GDDR7 delivers 32Gbps performance with a 60% increase in bandwidth compared to GDDR6.
It enhances AI, gaming, and high-performance computing with improved efficiency and reliability. GDDR7 reduces power consumption and improves battery life with a new sleep mode, increasing throughput and response time for AI workloads.
Read also: AMD, TSMC, Broadcom and other chip stocks hit by Biden’s new AI chip export restrictions: details
In the meantime, analysts noted the added support for HBM4 while doubling down on networking for Infiniband/SpectrumX/NVLink as an enabler for Micron, marking Nvidia as the biggest beneficiary of AI after the Taiwan event.
Micron expects HBM to be a multi-billion dollar company in fiscal 2025, enabling more than 50% of PCs to be AI-enabled by 2027. It also plans to build a new factory next to its Hiroshima factory by 2026 and to invest 800 billion yen in advanced DRAM.
Micron stock has gained 87% over the past 12 months. Investors can gain exposure to the stock via Invesco Semiconductor ETF (NYSE:psi)
And iShares Semiconductor ETF (NASDAQ:SOXX).
Price action: Shares of MU were up 4.71% at $132.61 at last check Wednesday.
Disclaimer: This content was partially produced using AI tools and was reviewed and published by Benzinga editors..
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