All articles tagged with #memory demand
Phison Electronics warns that NAND production cannot meet demand for about four years, signaling persistent SSD price increases as AI/data-center demand grows. The company is building a strategic inventory for enterprise SSDs and AI workloads, but ramping new NAND capacity is a long process—potentially four years per NAND makers—leading Phison to shift toward AI storage and platforms under its Phison 3.0 plan.
Rosenblatt boosts Micron’s price target to $1,200 from $600 ahead of MU’s fiscal Q3, arguing robust data-center memory demand, constrained wafer supply, and AI-driven growth in DRAM/NAND and high-bandwidth memory (HBM) could extend the current memory upcycle.
Micron Technology jumped about 11% as demand for memory chips strengthens, helping drive a broader rally in semiconductor stocks. Other notable movers included Intel up roughly 13%, Qualcomm up about 11%, and Skyworks up around 5%, while Shopify tumbled about 16%.
Micron Technology's stock has surged nearly 400% in three years, driven by booming demand for high-bandwidth memory (HBM) fueled by the shift to agentic AI, which requires more advanced hardware. With strong revenue growth, high profit margins, and a market expected to triple HBM demand by 2028, Micron's stock could continue to rise as it benefits from these secular AI trends, potentially surpassing its historical cyclicality.
Micron Technology reported strong third-quarter earnings with adjusted EPS of $1.91 and revenue of $9.30 billion, surpassing expectations, leading to a nearly 4% increase in its stock price. The company's outlook also exceeded analyst forecasts, driven by increased demand from AI data center investments and potential growth in consumer electronics. Despite a slight contraction in its storage segment, overall performance and future projections suggest a positive outlook amid a recovering memory market.
Samsung Electronics reported a likely 96% plunge in first-quarter operating profit due to a chip glut and slowing customer purchasing sentiment amid a global economic slowdown. The company estimated its operating profit fell to 600 billion won ($455.50 million) in January-March, from 14.12 trillion won a year earlier. The profit fell short of analysts' forecasts, and revenue likely fell 19% from the same period a year earlier to 63 trillion won.