Only 3 companies in the world have the technology to manufacture High Bandwidth Memory (HBM).

HBM is now in a severe bottleneck — The CEO of Micron, one of the largest HBM producers, stated that they will be able to meet only ~50% of their demand this year.

The demand is so strong that Micron has already sold out all its HBM inventory for 2026 (and the stock is up 300% in the last 6 months)!

Here’s everything you need to know about the technology and the players in the space positioned to benefit from this boom: