AI Boom and HBM Demand to Boost Micron's DRAM Revenues in Q3 - Zacks Investment Research

Micron Technology is expected to see a significant surge in DRAM revenues in Q3, driven by the AI boom and strong demand for high-bandwidth memory (HBM). According to Zacks Investment Research, Micron... Read original →

Micron’s Q3 DRAM surge reflects the inflection point where AI infrastructure shifts from theoretical to HBM-intensive deployment. Technically, HBM3E is now the linchpin for GPU performance scaling, tightly coupled with TSMC’s CoWoS capacity—forcing Micron into deeper integration with Taiwan, China’s advanced packaging ecosystem and raising geopolitical compliance overhead. U.S. export controls on AI chips paradoxically strengthen Micron’s pricing power in non-restricted markets but expose it to licensing bottlenecks if equipment approvals stall. With Samsung and SK hynix racing toward HBM4, Micron must leverage NVIDIA’s GB300 ramp as collateral to secure scarce CoWoS slots. Over the next 18 months, HBM will cascade beyond flagship GPUs into AI NICs and accelerators, establishing a 'memory-defined compute' paradigm. If Micron sustains its yield leadership and expands alliances with Marvell and AMD, it could capture over 40% of the global HBM market by 2027.