Lanceljx
05-06 23:23

Micron Technology and SanDisk are riding a real structural cycle, not a typical memory bounce. AI servers are massively increasing HBM, DRAM and NAND intensity per rack, while supply remains tight.


My view on the memory supercycle:

• Still early-mid innings, not peak euphoria

• 2027 supply response is the key risk

• Until then, pricing power stays with suppliers


Can Micron hit US$1,000?

Possible, but aggressive.

• Base case: US$750 to US$850

• Bull case: US$1,000+ if HBM shortages persist and margins keep expanding

• Risk: Samsung / SK Hynix ramps faster than expected, compressing ASPs


Bottom line:

AI needs compute, but compute needs memory first.

That makes memory the hottest picks-and-shovels trade in AI infrastructure today.

Micron and SanDisk Hit All-Time Highs: Can MU Reach $1,000?
Micron surged 11.06% during regular trading and extended gains to $672.75 after hours, while SanDisk jumped 11.98% on the same day, driving the memory sector to broad all-time highs. Analysts cite structural HBM supply shortages fueled by AI server demand, with a DRAM ETF rising nearly 9% and a SeekingAlpha report declaring Micron's 50% rally is merely the prologue to a structural shortage cycle. Samsung and SK Hynix's HBM expansion timelines remain the key wildcard — where is the ceiling for this memory supercycle, and is $1,000 the next target for Micron?
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