There’s a massive opportunity in memory chips. And Micron Technology has just landed one of the most important deals yet.

‍What’s happening:‍

• Micron Technology (NASDAQ: MU) has been selected by Nvidia (NASDAQ: NVDA) to provide their high-bandwidth memory chips for Nvidia’s H200 Tensor Core GPUs
  

Why it matters:‍

• This is a exceptionally significant deal for Micron Technology, as Nvidia has become one of the largest players in hardware for artificial intelligence and machine learning globally
  
• Micron Technology’s high-bandwidth memory chips use considerably less power than other memory chips and are widely considered to be on the leading edge of next generation memory hardware
  

Going deeper:‍

• Nvidia’s H200 Tensor Core GPU has become wildly popular for training artificial intelligence models due to its high processing speeds and significantly more advanced capabilities in handling large language models compared to prior GPUs
  
• The new deal between Micron Technology and Nvidia will focus on leveraging Micron Technology’s high-bandwidth memory chips mainly for use in artificial intelligence workloads and also gaming

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