Wall Street bets memory maker Micron could be the next Nvidia in AI

TechCrunch reported on June 28 that Wall Street analysts, eager to find additional publicly traded AI companies that could replicate Nvidia's success, have identified Micron Technology as a prime candidate.

As large-scale AI model training and inference drive surging demand for High Bandwidth Memory (HBM), Micron — one of the few manufacturers with advanced memory technology — is seen as being at the center of the AI hardware boom.

Investors are keen to find more publicly listed AI-related companies that could deliver returns similar to Nvidia's meteoric rise. TechCrunch reporter Kirsten Korosec noted that Micron's HBM3E and other products are increasingly critical to AI data center supply chains.

The thesis reflects a broadening of the AI investment narrative from GPU chips into the wider infrastructure ecosystem, with memory gaining unprecedented attention as an indispensable component of AI computing.