Samsung, SK Hynix rise after Micron earnings but investors ignore the 24-year warning

Impact · against what's priced in

The Micron results provide a positive catalyst for Samsung and SK Hynix by validating the structural memory shortage, but for Micron itself, the impact is muted as the market had already priced in the HBM3E sell-out through 2027. The primary value is the confirmation of pricing power extending into 2028, which the market has previously been reluctant to value.

MU+0.30

Challenges what's priced in

The price assumes