Micron, Nvidia, and the September Effect: What 98 Years of Data Say Investors Should Do
Yahoo Finance ·
The September Effect has a reputation for making investors nervous. September has historically been the weakest month of the year for U.S. stocks across a data set stretching back 98 years. For investors watching companies in the artificial intelligence (AI) space this year, September could be a useful test of whether a stock's investment thesis rests on price momentum or on business progress. That distinction matters for Micron Technology ( MU +0.22% ) and Nvidia ( NVDA +1.80% ) . Both companies are seeing conditions shift as the AI build-out progresses into a new stage, but the more interesting story is what is happening beneath the headlines about graphics processing units (GPUs) and central processing units (CPUs). Micron is one of the clearest examples of how AI infrastructure is changing. The company produces HBM4, a type of high bandwidth memory (HBM) that Nvidia is embedding in its brand-new Vera Rubin platform, but that is only part of the opportunity. Micron is also shipping SOCAMM2 low-power memory and its PCIe Gen6 9650 data center solid-state drive in high volumes. Those products address all the different memory-related needs of an AI system: accelerator memory, CPU-attached memory, and storage.
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