Nvidia's Latest Signal Points to Serious Downside Risk for Micron Before 2029 Is Over

Key Points If Nvidia finds ways to use less expensive memory in future chips, Micron’s premium HBM opportunity could shrink. Samsung and SK Hynix are gaining ground in HBM, so Micron needs strong demand and market share to justify its aggressive expansion. Micron can still do well, but $1,000 shouldn’t be treated as a floor. 10 stocks we like better than Micron Technology › Micron Technology (NASDAQ: MU) has gained more than 500% over the past year and trades at $975 at this writing. When a stock does that, the useful question stops being whether the business is good. It becomes: What would have to change for the story to break, and who gets to decide? That decision sits with Nvidia (NASDAQ: NVDA) .