AI Index / Micron Technology, Inc.
Micron Technology, Inc. (MU)
Micron Technology leverages AI across its memory products -- like DRAM, NAND, and high-bandwidth memory (HBM) -- and has customers spanning automotive brands and data scenters. Micron may benefit from AI’s role in expanding memory and storage requirements.
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We achieved record revenue in Q4. In our March 2024 earnings call, we said that we expect Micron to be one of the biggest beneficiaries of AI in the semiconductor industry and that we expect to deliver record revenue and significantly improve profitability in fiscal 2025.
- Sanjay Mehrotra
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Quotes from micron Executives About Artificial Intelligence and Generative AI
AI-driven demand is accelerating, and industry DRAM supply is tight.
- Sanjay Mehrotra
In addition to being a demand driver, AI is also a powerful productivity driver for Micron, contributing to our strong competitive position and financial performance.
- Sanjay Mehrotra
We are using AI throughout the company across product design, technology development, manufacturing, and other functional growth. We have seen strong adoption and as much as a 30 to 40% productivity uplift in select GenAI use cases such as code generation.
- Sanjay Mehrotra
In design simulation, AI is accelerating our silicon to systems design cycle to advance modeling and reduce iterations.
- Sanjay Mehrotra
These AI capabilities enable us to achieve superior product specifications, quality, and time to market at scale.
- Sanjay Mehrotra
Data centers require some of our most complex and high-value products, and meeting this demand has presented several opportunities to enhance our product mix and profitability.
- Sanjay Mehrotra
In data center NAND, AI-influenced use cases, such as KV cache tiering and vector database search and indexing, are driving demand for performance storage.
- Sanjay Mehrotra
In embedded, we expect physical AI, such as drones, advanced robots, and ARVR, to become a more important driver of demand over time.
- Sanjay Mehrotra
Over the coming years, we expect trillions of dollars to be invested in AI, and a significant portion will be spent on memory.
- Sanjay Mehrotra
Memory is very much at the heart of this AI revolution. This means a tremendous opportunity for memory and certainly a tremendous opportunity for HPM.
- Sanjay Mehrotra
AI trends are strong, and as you noted, not just in training, but in finance as well. This is across data center, across AI-enabled smartphones, and AI-enabled PCs.
- Sanjay Mehrotra