Micron (MU) is up 240% this year but down more than 20% from its peak after its fiscal third-quarter earnings report. SK Hynix's third-quarter revenue rose 328% year on year and 32% sequentially, with average DRAM selling prices up 20% sequentially and DRAM bit growth of 10%. SK Hynix said it expects demand to exceed supply through 2030, that it was virtually sold out through 2029, and that the AI data center infrastructure market could grow 40% annually through 2030. For next year it expects DRAM bit growth in the mid-20% range and NAND growth in the high-teens. The author argues investors may be overly pessimistic about Micron, which trades at a forward P/E of less than 6.
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Micronsemiconductorsartificial intelligencedata centersearningsSouth Korea
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• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/28/2026 | 215.38 |
| Change that session | -1.17% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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