Memory cycle tightens as Nvidia and SK Hynix tee up Micron earnings

Nvidia’s latest earnings commentary highlights extreme and rising memory pricing driven by AI demand, while SK Hynix warns that supply-demand balance won’t return until 2030 and plans about $38.3 billion in capex to expand memory fabs. Together, the signals point to a structural memory squeeze that could benefit Micron ahead of its Sept. 30 results, with Wall Street raising targets even as Micron’s valuation remains relatively low given its growth in high-bandwidth memory.