"Fueling upside, Micron says supply-demand issues could create a $100 billion high-bandwidth memory (HBM) market by 2028 - a milestone projected to arrive two years before the company's previous outlook. Plus, as noted by Seeking Alpha, "High-Bandwidth Memory is part of AI infrastructure stacks and runs concurrently with Graphics Processing Units. Since HBM is in short supply, businesses producing it are seeing rising prices.""
"Up about $6.25 in premarket, it's also running on the AI and HBM story, just like Micron. It's also likely to benefit from a "historic upcycle" thanks to the AI boom, according to analysts at BNP Paribas. "With consumer DRAM and NAND TLC spot prices increasing 408% and 165% Y/Y in November, respectively, we believe we are entering a historic DRAM and NAND upcycle that could span 2026," said the firm, as quoted by Seeking Alpha."
Micron projected that supply-demand issues could create a $100 billion high-bandwidth memory (HBM) market by 2028, two years earlier than its previous outlook. Micron reported EPS of $4.78, beating estimates by $0.82, and revenue of $13.64 billion, beating estimates by $760 million, with guidance of $8.22–$8.62 per share and revenue of $18.3–$19.1 billion for the next quarter. SanDisk rose on similar AI and HBM demand, posting adjusted EPS of $1.22 and revenue of $2.31 billion, and offering guidance above expectations. BNP Paribas cited a potential historic DRAM and NAND upcycle driven by AI demand.
Read at 24/7 Wall St.
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