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This Week In AI Chips - Micron Restructures For AI-Driven Market Growth
Reviewed by Simply Wall St
Micron Technology, Inc. has announced a reorganization of its business units to better leverage the growth opportunities presented by artificial intelligence (AI) across diverse market segments. This strategic restructuring is driven by the increasing importance of high-performance memory and storage in propelling AI advancements, from data centers to edge devices. The reorganization will create four distinct business units, each focused on specific customer segments and end markets, thereby enhancing Micron's ability to deliver differentiated solutions through deeper customer engagement. The transition to this new structure will begin immediately, with financial reporting under the new organization set to start in the fourth quarter of fiscal year 2025.
- Micron Technology (NasdaqGS:MU) last closed at $68.80 down 0.8%.
In other market news, Hua Hong Semiconductor (SEHK:1347) was a standout up 3.3% and ending the day at HK$36.15. Meanwhile, NVIDIA (NasdaqGS:NVDA) trailed, down 2.9% to end the day at $101.49. Recently, 3 days ago, NVIDIA announced partnerships and new products that enhance AI and smart city capabilities while also launching the GeForce RTX 5060 family of GPUs aimed at boosting gaming and creative workflows.
Best AI Chip Stocks
- QUALCOMM (NasdaqGS:QCOM) finished trading at $136.66 up 0.7%.
- Advanced Micro Devices (NasdaqGS:AMD) settled at $87.50 down 0.9%.
- Intel (NasdaqGS:INTC) closed at $18.93 down 1.6%.
Next Steps
- Discover the full array of 48 AI Chip Stocks, featuring Semiconductor Manufacturing International, Cambricon Technologies and Tokyo Electron, right here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About NasdaqGS:NVDA
NVIDIA
A computing infrastructure company, provides graphics and compute and networking solutions in the United States, Singapore, Taiwan, China, Hong Kong, and internationally.
Exceptional growth potential with flawless balance sheet.
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