$MU Sits at the Center of the AI Supply Chain

Michael Esther
06-23

In 2 years, $Micron Technology(MU)$ squeezed from 1430% from $85 to $1220. It will 3x-5x after its earnings on June 24.

These 12 companies have parternships with $MU:

1. $ASML Holding NV(ASML)$ – Sells EUV lithography tools $MU needs for new nodes

2. $Applied Materials(AMAT)$ – Deposition/etch tool orders rise with MU's fab expansion

3. $Lam Research(LRCX)$ – Etch/dep equipment demand grows directly with $MU's NAND/HBM buildout

4. $KLA-Tencor(KLAC)$ – More memory layers built means more inspection tools sold

5. $Onto Innovation Inc.(ONTO)$ – Packaging inspection orders track $MU's HBM yield ramp

6. $Kulicke & Soffa(KLIC)$ – Wire bonding demand rises with memory packaging volume

7. $Teradyne(TER)$ – More memory chips shipped means more units tested

8. $NVIDIA(NVDA)$ – Needs MU's HBM4 supply to ship AI GPUs

9. $Broadcom(AVGO)$ – Custom AI chips depend on MU's HBM allocation

10. $Advanced Micro Devices(AMD)$ – Competes with Nvidia for same constrained HBM supply

11. $Dell Technologies Inc.(DELL)$/ $Hewlett Packard Enterprise(HPE)$ – Server margins squeezed when $MU raises memory pricing

12. $Apple(AAPL)$ – Higher memory prices raise Apple's device costs headwind, not tailwind Memory is the biggest bottleneck of AI supply chain $SanDisk Corp.(SNDK)$ $Western Digital(WDC)$ $Seagate Technology PLC(STX)$ $Roundhill Memory ETF(DRAM)$ all exploding 1000%-4000% already.

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