Micron and Sandisk Hit Record Memory Margins. There's One Clear Winner.

Impact · against what's priced in

The Nvidia partnership is a catalyst for Micron as it shifts revenue toward custom contracts, potentially bridging the gap toward the structural earnings power the market currently declines. While record margins and volume growth are positive, they largely confirm the AI-driven surge the price already assumes.

MU+0.60: Challenges what's priced in
The price assumes: A structural reset in earnings power to $265.65 per share by fiscal 2028
The transition to custom HBM chips for Nvidia suggests a shift from cyclical off-the-shelf sales to contractual revenue, supporting the higher long-term earnings power that the market is currently refusing to pay for.
What MU's price assumes · Sep 9

Micron and Sandisk Hit Record Memory Margins. There's One Clear Winner.

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Micron and Sandisk Hit Record Memory Margins. There's One Clear Winner.

What matters in this story

Prediction: Nvidia Will Outperform Broadcom Over the Next 5 Years

Micron and Sandisk Hit Record Memory Margins. There's One Clear Winner.

What matters in this story

Prediction: Nvidia Will Outperform Broadcom Over the Next 5 Years

How each ticker is affected

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Micron and Sandisk Hit Record Memory Margins. There's One Clear Winner.

What matters in this story

Next reads from the same story arc

Prediction: Nvidia Will Outperform Broadcom Over the Next 5 Years

Micron and Sandisk Hit Record Memory Margins. There's One Clear Winner.

What matters in this story

Next reads from the same story arc

Prediction: Nvidia Will Outperform Broadcom Over the Next 5 Years

How each ticker is affected

Connected tickers

Track these names every morning.

TSMC or Nvidia: If I Could Only Own 1 for the Next 5 Years, It Would Be This 1.

Black October: What It Could Mean For Chip Manufacturers

Cerebras: I Waited For This Entry Point

Stock Selloff Continues as Oil Surges