Micron Shares Slip as HBM4E Foundry Process Boosts Crypto Mining Prospects

Micron Technology Inc.'s shares slipped 0.37% to $1,061 in Thursday's premarket trading after the company beat earnings expectations.

The shares had closed essentially flat at $1,065.11 on Wednesday.

Nvidia and Micron have co-designed a new type of high-bandwidth memory called HBM4E, which is set to move to a foundry process that could boost GPU memory performance and supply.

This development is seen as bullish for GPU-driven crypto mining, DeFi infrastructure, and broader blockchain adoption.