Micron Technology
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@Adam-Kay said in Micron Technology:
What a difference a day makes-almost back. Must have read my post
I don't think I could ask for a better response to my eMail of yesterday!
Thanks for the explanation, and for tweaking the share price up as you did. (
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Micron Technology received two bullish analyst updates today, reinforcing positive sentiment around the memory chip cycle.
Citigroup, led by analyst Atif Malik, maintained a Buy rating and raised its price target to $430 from $385. The firm expects continued strength in memory pricing, driven largely by accelerating demand for AI infrastructure.
Meanwhile Susquehanna, through analyst Mehdi Hosseini, reiterated a Positive rating and lifted its price target sharply to $525 from $345 — a significant increase reflecting stronger long-term expectations for memory demand.
Analysts broadly believe the AI boom is tightening supply of advanced memory such as high-bandwidth memory (HBM), which is essential for training and running large AI models. This demand is supporting forecasts for rising DRAM prices over the next year. -
The big price hikes are in the HPC area with some spill over into consumer electronics segments mainly because manufacturers are prioritising HPC leaving undersupply in other consumer areas. However the market is highly competitive and efficient and generally tech gets cheaper.
I think for what it is this is a big deal for Apple and the consumer.
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Ha! I've never spent as much as £599 on a single piece of tech in my entire life; I doubt the sum total of what I've spent on tech in the last 50 years tops £1200. But then I'm cheap, and I like to make old things last, and I get a perverse kick out of taking old tech out of other people's bins and making it last for another five years ....
Perhaps I'm weird, but spending £600 on a computer seems like a kings ransom!
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Sir Chomps is a friendly boy, really
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Applied Materials and Micron Technology have announced a strategic partnership to develop next-generation memory technologies for artificial intelligence. The collaboration focuses on advancing DRAM, High-Bandwidth Memory (HBM), and NAND by jointly working on new chip architectures, materials and semiconductor manufacturing processes.
The partnership will be centred around Applied Materials’ EPIC research centre (cool name), a major semiconductor innovation hub designed to accelerate the transition from research to large-scale manufacturing. Applied Materials is investing around $5 billion in the facility, providing the infrastructure for collaborative semiconductor development. Micron’s contribution will come through engineering teams, joint R&D programmes and its existing memory innovation centres.
By combining Micron’s expertise in memory chip design with Applied Materials’ leadership in semiconductor equipment and fabrication technology, the two companies aim to develop faster, more energy-efficient memory specifically optimised for AI workloads.
The timing is significant because AI systems increasingly face a memory bandwidth bottleneck. Modern AI accelerators from companies such as NVIDIA require extremely high-speed memory like HBM to keep powerful processors supplied with data.
Micron has reacted positively to the news!
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Lots of Micron news flooding in. Impressive stuff...
50% overnight hike in NAND flash prices (as highlighted by Phison and industry trackers) is proving exceptionally positive for Micron Technology.This surge, rooted in acute supply constraints and explosive AI infrastructure demand for enterprise SSDs, directly enhances Micron's profitability.
Margins will expand with earnings, driven by products like G9-based PCIe Gen6 SSDs and massive QLC models (122TB/245TB) qualifying at hyperscalers (those a simply massive solid state drives). And to give you an idea the 50% is a blended 'nand' price price. Cutting edge drives EG 122TB QLC was quoted $12,400 and jumped to $37,000, almost over night. Hard to get your head around that but I do know it can only improve margins and EPS!
The pricing power from the shortage lifts average selling prices sharply (NAND ASPs projected to rise ~127% in 2026), boosting gross margins and free cash flow. Micron has pivoted away from lower-margin consumer segments (exiting Crucial brand) to prioritise enterprise/data centre allocations, gaining market share amid tight supply.
Earnings next Wednesday. It will be explosive imo.
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Just speculating but I model the impact of the price increases. The MU guide factored in 'ASP +bit growth cumulative' of 41% however on avg ASP is 50% above this. Could they....
It's very difficult to have any real handle on numbers because there are so many moving parts and the pricing is changing so rapidly. But they will materially beat and likely guide higher again. My scenario is not priced in. Wallstreet consensus is $18.7/$8.60! Whilst my model is aggressive, Wallstreet is wrong for certain imo.
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Lots of Micron news flooding in. Impressive stuff...
50% overnight hike in NAND flash prices (as highlighted by Phison and industry trackers) is proving exceptionally positive for Micron Technology.This surge, rooted in acute supply constraints and explosive AI infrastructure demand for enterprise SSDs, directly enhances Micron's profitability.
Margins will expand with earnings, driven by products like G9-based PCIe Gen6 SSDs and massive QLC models (122TB/245TB) qualifying at hyperscalers (those a simply massive solid state drives). And to give you an idea the 50% is a blended 'nand' price price. Cutting edge drives EG 122TB QLC was quoted $12,400 and jumped to $37,000, almost over night. Hard to get your head around that
The pricing power from the shortage lifts average selling prices sharply (NAND ASPs projected to rise ~127% in 2026), boosting gross margins and free cash flow. Micron has pivoted away from lower-margin consumer segments (exiting Crucial brand) to prioritise enterprise/data centre allocations, gaining market share amid tight supply.
Earnings next Wednesday. It will be explosive imo.
