MU

Rather than simply clearing reduced consensus hurdles, reporting companies are offering encouraging reads on order trends, margin resilience, and full-year demand. This fundamental health is driving a steady stream of upward revisions for Q3 and future quarters.

The artificial intelligence boom has transformed high-bandwidth memory (HBM) chips into one of the most valuable components in the semiconductor industry, delivering record profits and soaring shareholder returns for the handful of companies capable of producing them. Samsung Electronics, SK Hynix and Micron have emerged as the biggest beneficiaries of the AI infrastructure race, with hyperscale cloud providers scrambling to secure memory chips needed to power next-generation AI accelerators such as Nvidia's Rubin platform and Google's Ironwood Tensor Processing Unit.

Shares of SK Hynix (NASDAQ:SKHY) are down 5% to $136.79 midday Friday after the company's board approved roughly $38 billion to build two new memory fabs in South Korea.

Oil-price fears ended a five-day market rally, spotlighting MU, ANET, AVGO, IT and AME stocks with ROE above their industries and solid earnings growth.

Micron Technology MU shares fell more than 1.8% on Friday as investors weighed fresh investment plans from South Korean memory chip maker SK Hynix alongside a more cautious outlook for memory pricing from Citi. The memory-chip maker has declined about 9% over the past month, although the stock remains up more than 660% over the past 12 months.

MU and semiconductor sales surge as AI demand supports chip growth, with four stocks highlighted for potential upside.

Micron stock was gaining despite the investment plans of its memory-chip peer SK Hynix.

Amazon CEO Andy Jassy recently acknowledged the company's capital expenditures budget is rising due to surging memory chip prices. Micron is only one of three manufacturers that supply advanced DRAM and high-bandwidth memory.

Demand for semiconductors is likely to continue growing well into the 2030's.

Micron, BrightSpring Health and Custom Truck One Source combine strong profitability with earnings growth. See why they stand out in August.