Micron Shares Slide 3.06%, Market Cap Falls Below $1 Trillion; HBM4 Ships but Nvidia Rubin Share Only 5%-10%
Micron Technology shares opened 3.06% lower at $876.645, pushing its market capitalization below $1 trillion to $990.1 billion, about 31% below its record high. The memory chipmaker faces rapid technology shifts and intense competition. Its HBM4 36GB 12H product has entered mass production, with pin speeds over 11Gb/s and bandwidth of 2.8TB/s, custom-built for Nvidia's Vera Rubin platform. However, Micron's supply share for that platform is only 5% to 10%.
Micron Technology shares opened 3.06% lower at $876.645 per share, pushing its market capitalization below the $1 trillion mark to $990.1 billion, representing a decline of approximately 31% from its all-time high.
As a major player in the global semiconductor memory sector, Micron currently faces accelerating technology iteration, fluctuating end-market demand, and fierce competition from both within and outside the memory chip space.
On the technology front, Micron's HBM4 36GB 12H product has entered mass shipment, with pin speeds exceeding 11Gb/s and bandwidth reaching 2.8TB/s. It is custom-designed for Nvidia's Vera Rubin platform.