Micron Says Memory Supply Will Be Much Tighter in 2028. Sandisk's Contracts Limit How Much It Can Gain.

Impact · against what's priced in

Micron's extension of the supply-constrained horizon into 2028 acts as a positive catalyst by supporting pricing power the market previously declined. Sandisk remains neutral to slightly negative as its existing price ceilings and decelerating growth guidance confirm that supply tightness does not translate into further EPS upside.

MU+0.50

Challenges what's priced in

The price assumes