TMTB: MU begins HBM3 prod; AMZN bulled at Bernie; HCP ug; Cyber checks; GOOGL neg headlines; 3p data (ZS, Cloud); CRM +ve; PDD more noise; SMAR initiated sell
Good morning. QQQs are up 20bps, as yields slip slightly. Let’s get to it….
MU +5%: MU announces they commenced volume production of HBM3E solution; will begin shipping in the second calendar Q of 2024 and is likely a contributor in Q3
PR:
“Micron’s 24GB 8H HBM3E will be part of NVIDIA H200 Tensor Core GPUs, which will begin shipping in the second calendar quarter of 2024….Micron is delivering a trifecta with this HBM3E milestone: time-to-market leadership, best-in-class industry performance, and a differentiated power efficiency profile,” said Sumit Sadana, executive vice president and chief business officer at Micron Technology. “AI workloads are heavily reliant on memory bandwidth and capacity, and Micron is very well-positioned to support the significant AI growth ahead through our industry-leading HBM3E and HBM4 roadmap, as well as our full portfolio of DRAM and NAND solutions for AI applications.”
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