HBM3E, Aug. 27 -- Micron Technology moved against the grain Tuesday. While most chip stocks retreated ahead of NVIDIA's earnings, Micron added $2.28 to close at $101.47, a 2.3% gain that reflected a simple and powerful story: the company cannot make its AI memory chips fast enough to meet demand.

high-bandwidth memory in its fourth generation - is the component that connects NVIDIA's Blackwell and earlier Hopper GPUs to the memory capacity they need to run large AI models. A single H200 GPU uses six stacks of HBM3E. A Blackwell B200 uses eight stacks. At the scale of hyperscale data center deployments - where customers like Microsoft, Google, and Amazon are ordering tens of thousands of GPUs at a time - the demand for HBM has become a co...