MU

Micron Technology, Inc.

research_scan theme='chips-compute'; value_chain_position='upstream-enabler'; US-listed proxy for the three-supplier HBM oligopoly (SK Hynix and Samsung are KS-listed). HBM3e ramping; HBM4 (12-Hi, 1024-bit) qualifying for Blackwell Ultra / Rubin in tight allocation against demand. Memory-bandwidth wall is the binding constraint for inference workloads at agent and reasoning model scale.