Few endorsements carry more weight than a nod from Nvidia (NVDA), CEO Jensen Huang. Speaking in Taiwan, Huang gave a strong thumbs‑up to AI spending and said the returns are now “insanely profitable.” He also singled out Micron Technology (MU) as one of the key winners from this trend.
The timing couldn’t be more telling. Micron has already joined the trillion‑dollar market cap club, driven by surging demand for its high‑bandwidth memory (HBM) chips. These chips are crucial for Nvidia’s AI platforms. Its shares have posted huge gains, with the stock recently hitting new all‑time highs of around $1,100.
