Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Stock

Micron falls as Samsung says it has made progress on HBM front

admin by admin
October 31, 2024
in Stock
0
Micron falls as Samsung says it has made progress on HBM front
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter

Investing.com — Shares of Micron Technology (NASDAQ:MU) dropped 2.5% on Thursday after Samsung Electronics (KS:005930) revealed progress on its high-bandwidth memory (HBM) chip supply efforts, which appear to be advancing through key qualification tests.

The South Korean tech giant’s announcement, which Reuters reported, raised expectations for Samsung’s ability to compete in the lucrative AI-driven semiconductor market, sending its shares higher.

Samsung’s Executive Vice President Jaejune Kim shared that while there was a previous delay in the commercialization of its HBM3E chips, the company had made “meaningful progress” in tests with a major customer, speculated to be Nvidia (NASDAQ:NVDA).

Reuters noted that Nvidia holds approximately 80% of the global AI chip market, a factor that could significantly boost Samsung’s HBM sales if confirmed.

Kim added that Samsung anticipates improved HBM3E sales in the fourth quarter and plans to expand to additional customers.

Samsung’s announcement has stirred concerns of a potential oversupply in the HBM chip market, weighing on shares of other semiconductor companies, including SK Hynix and Micron.

With Samsung now vying for HBM dominance, the HBM market dynamics could be poised to shift.

This post appeared first on investing.com

Previous Post

ECB’s Panetta warns rate policy mustn’t push inflation too low

Next Post

Uber shares slide as slowing bookings growth spooks investors

admin

admin

Next Post
Uber shares slide as slowing bookings growth spooks investors

Uber shares slide as slowing bookings growth spooks investors

Trending News

Factbox-US companies to hire thousands of seasonal workers for holiday season

Factbox-US companies to hire thousands of seasonal workers for holiday season

October 15, 2024
Top S&P 500 Index stocks to watch: PANW, HD, TGT, INTU, ADSK

Top S&P 500 Index stocks to watch: PANW, HD, TGT, INTU, ADSK

May 18, 2025
Buffett’s Berkshire Hathaway raises $1.9 billion in largest yen bond sale in five years

Buffett’s Berkshire Hathaway raises $1.9 billion in largest yen bond sale in five years

October 10, 2024
Subscribe to Insightful Word


    Recent News

    S&P 500 nears record high despite headwinds: key drivers behind the surprise rally

    S&P 500 nears record high despite headwinds: key drivers behind the surprise rally

    June 26, 2025
    Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high

    Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high

    June 26, 2025
    S&P 500 nears record high as Wall Street opens higher amid tech momentum

    S&P 500 nears record high as Wall Street opens higher amid tech momentum

    June 26, 2025
    Galaxy Digital launches $175 million fund to back DeFi and stablecoin startups

    Galaxy Digital launches $175 million fund to back DeFi and stablecoin startups

    June 26, 2025

    Recent News

    S&P 500 nears record high despite headwinds: key drivers behind the surprise rally

    S&P 500 nears record high despite headwinds: key drivers behind the surprise rally

    June 26, 2025
    Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high

    Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high

    June 26, 2025

    Latest News

    • S&P 500 nears record high despite headwinds: key drivers behind the surprise rally
    • Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high
    • S&P 500 nears record high as Wall Street opens higher amid tech momentum

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.