Micron (MU) Stock Jumps 10% as Nvidia Flags Critical Memory Demand for AI
Micron Technology shares surged 10% to a record close of $343.43 after Nvidia CEO Jensen Huang underscored the escalating importance of memory in AI infrastructure during CES. The rally reflects tightening supply dynamics, with DDR5 and high-bandwidth memory prices spiking sharply across global markets.
Huang's unveiling of Vera Rubin chips and a new 'context memory storage' LAYER for AI chatbots ignited sector-wide momentum. SanDisk and Western Digital rallied 27% and 17% respectively, as investors priced in memory as a bottleneck—not just an enabler—for AI workloads.
With Micron's March earnings on deck, the technical setup shows support NEAR $312-$315 despite extended valuations. The memory crunch mirrors crypto's infrastructure scaling challenges, where hardware constraints often dictate adoption ceilings.
