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booming AI semiconductor spaceThe Motley Fool
•80% Informative
Micron Technology ( NASDAQ : MU ) is a leading supplier of memory and storage chips.
Memory chips complement the graphics processors (GPUs) supplied by Nvidia .
Nvidia chose Micron 's HBM3E to power its new Blackwell GB200 data center GPU , which is the company's most powerful AI chip to date.
Micron generated a record $8.7 billion in total revenue during its fiscal 2025 first quarter .
Wall Street's consensus estimate suggests Micron will deliver $ 8.90 in EPS for the whole of fiscal 2025 .
That's a 65% discount to Nvidia 's forward P/E ratio of 29.6 .
Of the 43 analysts tracked by The Wall Street Journal , 29 have assigned it the highest possible buy rating.
The Street-high target of $ 250 points to a potential upside of 174% ..
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