I believe the memory supercycle is still intact for now, but today’s selloff reminds me that no growth story moves in a straight line. I will be watching DRAM pricing, production capacity and customer demand to see whether the supply-demand balance is genuinely changing.
For $Micron Technology(MU)$ , I prefer to stay patient rather than panic over short-term volatility. Competition is worth monitoring, but I would not assume the memory upcycle is over until the data shows sustained weakening in pricing and earnings.
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- BertScott·17:12Contract pricing matters more here than spot. HBM can stay tight while commodity DRAM gets noisy, so I would wait for earnings and capacity data firstLikeReport
