Analysis suggests Micron Technology's stock could surge after NVIDIA's earnings report.
Analysis indicates that Micron Technology, as one of NVIDIA's key suppliers for High Bandwidth Memory (HBM), has a stock performance closely tied to NVIDIA's results. The market generally expects NVIDIA's Q2 revenue to reach $92.1 billion, a 97% year-over-year increase. If NVIDIA's performance is strong, it will further validate the AI infrastructure supercycle and drive up contract prices for HBM and DRAM, thereby benefiting Micron Technology's revenue growth and profit expansion. Micron Technology's HBM and DRAM production is already sold out, with new capacity coming online. After a recent consolidation, its stock price is expected to rise following the release of NVIDIA's earnings report.
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