8 Companies That Partnered With Nvidia (NVDA) This Month

1. Micron Technology (NASDAQ:MU)

Nvidia recently announced that Micron will be a key component of its supply chain for the execution of the Blackwell GPUs. Micron provides memory and storage solutions for the semiconductor industry, with its products used in consumer electronics, automobiles, computers, and servers.

Nvidia’s GPU technology is often constrained by the amount of memory it can process at a time. The requirement to process more and more data is now more important than ever. These GPUs require High Bandwidth Memory (HBM) and Micron is one of the top companies that specialize in it. The firm’s 1.8 terabytes per second of bandwidth is twice the bandwidth of the previous generation of Nvidia’s GPUs. This improvement suggests that Micron has been focusing on its R&D during this time which is one reason why Nvidia, itself a leader in innovation, prefers to partner with this firm.

Micron will stay relevant despite a lackluster performance at end the of last year, when people were negative about the stock. It is already up 17% YTD and with Nvidia confirming Micron is the supplier of choice for the storage and memory requirements, the year ahead is expected to be full of excitement for Micron investors.

Nvidia is 5th on our latest list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 193 hedge fund portfolios held NVDA at the end of the third quarter which was 179 in the previous quarter. While we acknowledge the potential of NVDA as a leading AI investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article was originally published at Insider Monkey.