The artificial intelligence (AI) infrastructure boom is gaining momentum, with Taiwan Semiconductor Manufacturing (TSM) increasing its capital expenditure budget to build more chip manufacturing plants. Micron Technology (MU) stands to benefit from the AI infrastructure growth, especially in the DRAM and HBM markets where demand is soaring. This surge in demand is causing a shortage of memory components, driving up prices and leading to strong revenue growth for Micron. As Micron increases its capex to keep up with demand, the company is well-positioned to capitalize on the booming AI market and the increasing need for memory components.

Read more at Yahoo Finance: This Semiconductor Stock Could Be at the Center of the Artificial Intelligence Spending Boom