According to a report from The Next Platform, Micron's latest figures show that HBM4 memory is worth about 15 times its weight in gold. The comparison is a striking way to frame the economics of the most advanced memory chips now entering the market, which are essential for AI accelerators and high-performance computing systems.
The report's central claim is that the per-gram value of HBM4 far exceeds that of precious metals, a reflection of both the manufacturing complexity and the supply-demand imbalance in the AI hardware space. While the article does not break down the exact cost structure, it makes clear that HBM4's price is not just a premium—it is a strategic marker for how much the industry is willing to pay for memory bandwidth.
Since this is a single source, there are no conflicting accounts to compare. The Next Platform's analysis stands on its own, and the headline figure of "15x gold" is the key takeaway for anyone tracking the economics of AI compute. Whether that multiple holds over time will depend on how quickly HBM4 production scales and whether competitors can match Micron's yields.