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High-bandwidth memory (HBM) has emerged as a critical bottleneck as AI workloads scale. Nvidia is aggressively pursuing upcoming HBM4 solutions to complement its Vera Rubin platform.

SK hynix is the current HBM leader, with roughly 58% market share and strong exposure to Nvidia's AI platform roadmap. HBM remains supply-constrained, while hyperscaler capex is still being revised upward despite higher component pricing. New memory capacity should take years to meaningfully come online, supporting pricing, margins, and earnings through the current cycle.

After the popularity of Micron Technology stock among U.S. investors, competitor SK Hynix has now entered the fray with an ADS listing on July 10. SK Hynix's leadership in high-bandwidth memory chips make its products ideal for AI.

TSMC and ASML both raised guidance, confirming AI infrastructure remains supply constrained, while Rubin's N3 node is fully booked and CoWoS capacity expands nearly 50%. Nvidia's Kyber delay concerns appear limited to Rubin Ultra, leaving mainstream Rubin NVL72 deployments and near-term revenue expectations largely unchanged. Qualification of Samsung, SK hynix and Micron for HBM4 reduces supply-chain risk as the…

In the closing of the recent trading day, HudBay Minerals (HBM) stood at $21.98, denoting a -2.31% move from the preceding trading day.