Micron Technology Surges to 24th in Trading Volume with $2.265 Billion Turnover

On June 3, 2025, Micron Technology (MU) saw a significant surge in trading volume, with a turnover of $2.265 billion, marking a 38.13% increase from the previous day. This surge placed Micron at the 24th position in terms of trading volume for the day. The stock price of Micron also rose by 4.15%, marking the second consecutive day of gains, with a total increase of 8.25% over the past two days.

Micron's high-bandwidth memory (HBM) revenue exceeded $1 billion in the second quarter of fiscal year 2025, reflecting a growth of over 50% compared to the previous quarter. The company has already sold out its entire HBM supply for 2025, indicating strong demand. Additionally, Micron has raised its total addressable market (TAM) estimate for HBM to over $35 billion for 2025, driven by the accelerating adoption of artificial intelligence (AI).

Micron has announced the shipment of qualification samples of the world's first 1γ (1-gamma) node-based low-power double data rate 5X (LPDDR5X) memory. This new technology is designed to enable rich mobile AI experiences, further solidifying Micron's position in the AI-driven memory market. The company is one of only three global suppliers of HBM, with most of its 2025 production already sold out. Its cutting-edge 12-layer HBM3E chips are particularly notable in this regard.

Micron Technology is scheduled to announce its earnings at the end of June. Analysts anticipate that revenues will increase by approximately 30% year-over-year, driven by the strong demand for memory products, particularly HBM, in the AI sector. The company's robust fundamentals, AI-driven growth, and significant undervaluation with a 38% upside potential make it a strong buy despite current market woes. Micron's position at the forefront of the AI-driven memory market is further supported by its participation in various investor events and conferences, where it continues to showcase its innovative technologies and growth prospects.