Shares of Micron Technology (MU) rose Monday afternoon following the company's announcement that it will increase production of its HBM3E (High Bandwidth Memory 3E) chips. These chips will be used in Nvidia's (NVDA) semiconductors designed for artificial intelligence capabilities. Micron expects to begin shipments of these high-performance memory chips in the second quarter of 2024. Yahoo Finance's Julie Hyman and Josh Lipton break down the details of this trending ticker. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
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