Micron Technology’s Chief Business Officer, Sumit Sadana, recently expressed his excitement about the company’s strategic investment in India during a panel discussion. He highlighted the transformative impact of artificial intelligence (AI) on sectors like healthcare and education, noting its ability to analyze data, identify trends, and develop targeted treatments quickly.
Sadana also mentioned AI’s potential to offer personalized learning experiences to address global teacher shortages. However, he stressed the need for significant semiconductor capacity and investment to train large language models (LLMs) and make them smarter and more efficient. He discussed balancing global supply and demand and suggested solutions like high bandwidth memory (HBM) and expanded DRAM capacity to address these challenges.
In the last quarter, Micron reported revenue of $6.81 billion, surpassing analyst estimates. The company’s adjusted EPS was $0.62, also exceeding analyst expectations. Micron Technology stock has gained 106% in the last 12 months. Investors can access the stock through ETFs like iShares Core S&P 500 ETF IVV and Vanguard S&P 500 ETF VOO. As of the last check, MU shares were trading lower at $129.75 premarket.
Various governments are implementing programs to boost domestic semiconductor manufacturing and development. While these initiatives are beneficial, Sadana emphasized the importance of managing supply and demand carefully. He believes that innovative solutions like HBM and expanded DRAM capacity could help address these challenges effectively
