If I Could Only Own 1 Artificial Intelligence (AI) Memory Stock for the Next 5 Years, It Wouldn't Be Micron.
Artificial intelligence (AI) demand is fueling a boom for memory chips.
Micron Technology has flourished amid the surge in demand for memory chips, experiencing record revenue and earnings growth. However, investors might overlook SK Hynix as a potential AI memory stock to consider for the next five years. Nvidia's graphics processing units (GPUs) rely heavily on high bandwidth memory (HBM), which facilitates rapid access to large volumes of data, crucial for training generative AI models.