Very recent development shows that SK Hynix pulled ahead their HBM4 schedule and is ready for Nvidia’s Rubin GPU, continues its leadership in the market with more than 50%. Samsung is following up very quickly on HBM4 as well leveraging their memory/logic foundry integration (HBM4 bottom die uses logic processing), expected to increase its market share to over 30%. This squeeze MU to 3rd place with market share expected to shrink to less than 10%. CEO tried to clarify their HBM4 delay rumors and use of their internal fab as a temporary solution to the base logic die. Reading between the lines, it confirms their lag behind the competition. More importantly, they dont have enough volume. Given AVGO got crashed by the Wall Street even as an absolute leader in AI ASIC, interconnect switches, and fantastic financial forecasts, MU probably has more odds going down.
Micron, SNDK +10%! Morgan Stanley $450 Target Easy to Hit?
Micron (MU) and SNDK both surged over 10%, defying broader market volatility as capital rotated back into the AI infrastructure trade. Morgan Stanley lifted Micron’s price target from $350 to $450, reiterating an Overweight rating, citing accelerating HBM4 capacity ramp as a key catalyst.
SNDK’s rally reflects sustained momentum in storage and data demand, reinforcing the AI data center buildout narrative.
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