Micron Gains AI-Memory Momentum as New 192GB Module Samples, Analysts Tout Valuation

Overview

• On October 22, Micron began sampling its 192GB SOCAMM2 LPDDR5X modules built on 1‑gamma, touting 50% higher capacity, more than 20% better power efficiency, and over 80% faster time‑to‑first‑token for real‑time inference.
• OptionsPlay’s Tony Zhang labeled Micron “one of the cheapest” AI hardware names, pointing to roughly 11x forward earnings and net margin expansion from about 18% to 22% in recent quarters.
• Zhang said Micron is supplying HBM to Nvidia, saw roughly 50% quarter‑over‑quarter growth in HBM shipments, and is taking market share from Samsung.
• Baird Chautauqua International and Global Growth Fund reported Micron shares rose 42% in 2Q25 on strong HBM DRAM sales critical to AI computing.
• Jim Cramer cited product shortages and called the stock’s recent surge “parabolic,” advising investors to wait for a pullback before buying.