Motley Fool contributor Geoffrey Seiler expects Micron to post a blowout fiscal Q4 when it reports Sept. 30, citing record DRAM and NAND prices in August. He says strong results may not lift the stock because investors are focused on how long the memory boom will last.
The article ties rising prices to AI demand for high-bandwidth memory (HBM), used with AI chips, and NAND flash for data storage, while supply remains constrained. HBM uses upwards of three times the wafer capacity of conventional DRAM, and building cleanrooms can take years; memory makers are also shifting NAND capacity toward higher-margin HBM.
The article puts Micron’s HBM share at 18%, versus 50% for SK Hynix and 33% for Samsung. Seiler says this leaves Micron more exposed to a pullback in conventional DRAM and NAND prices.
