Lanceljx
09-24

For the memory trade to stop needing the next price rise, I would want Micron to show that earnings growth can increasingly come from volume, product mix and structural AI demand rather than just higher DRAM and NAND prices. Strong HBM4 shipments, sustained data-centre demand, firm long-term customer commitments and continued margin strength even as pricing growth moderates would be especially important. If Micron can demonstrate that AI-driven memory demand remains ahead of supply into 2027 while volumes expand, the thesis becomes much more durable than simply betting on another pricing cycle.
# Two-Thirds of Next Year's Capacity Already Sold — Who's Still Shorting Memory?

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  • JustinCooper
    ·09-24
    This is not just another pricing cycle bet, it is a demand architecture shift. If HBM4 ships hard and margins stay firm while bit growth keeps climbing, the memory story gets way more durable 🚀
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  • chimey
    ·09-24
    HBM4 yield ramp and the timing of Nvidia's next platform matter more here than another DRAM leg up. If gross margin stays firm while bit shipments scale, the story gets a lot cleaner
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