15 AI News You Must Read Today

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5. Micron Technology, Inc. (NASDAQ:MU)

Market Capitalization: $115.42 billion

Micron Technology, Inc. (NASDAQ:MU) provides innovative memory solutions. These memory and storage solutions are crucial components in GPUs used for AI processing.

On November 12, shares of Micron Technology, Inc. (NASDAQ:MU) fell by 5.3% in morning trading following a note from Edgewater Research. The report had advised caution about the Dynamic Random-Access Memory (DRAM) market, painting a bearish picture for Micron and the long-term benefits it is likely to receive from the AI boom. Mizuho Securities analyst Jordan Klein warned of the event the same day:

“Edgewater (after destroying MPWR yesterday) is out with a CAUTIOUS DRAM [dynamic random access memory] call today…expect selling pressure (and likely shorts pressing) Micron today”.

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