In today’s briefing:
- Micron’s Results Likely to Call a Memory Market Trough and Highlight New HBM DRAM for AI
Micron’s Results Likely to Call a Memory Market Trough and Highlight New HBM DRAM for AI
- Micron’s earnings results will be released September 27th. We expect the company to describe a trough for memory pricing happening now and provide a positive outlook for rising prices.
- Micron and Nanya Tech have outperformed SK Hynix recently. Our ‘reversion catch up’ trade has worked. Going forward we believe Micron looks compelling on a relative basis.
- SK Hynix was ahead of peers developing HBM DRAM needed for AI. However, Micron could now convince the market it can catch up by focusing on the next advanced version.
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