Bloomberg Intelligence Micron Forecast Fails to Satisfy Investors After AI-Fueled Rally
Sep 24, 2025
Micron's stock saw a drop despite exceeding revenue expectations, as investor sentiment was shaped by high anticipations. The discussion delves into the dynamics of AI-demand influencing high bandwidth memory, with an exploration of how memory cycles and pricing are reshaped by AI trends. In the media realm, Jimmy Kimmel's return to TV sparks talk about its cultural implications, while insights into the recent surge in U.S. new home sales raise questions about data reliability and the ongoing impact of mortgage rates on the housing market.
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AI Demand Extends Memory Upcycle
- High-bandwidth memory demand tied to AI is driving DRAM pricing strength and constraining overall supply.
- Micron benefits as capacity shifts to HBM, extending the memory upcycle beyond historical norms.
Prioritize Pricing And AI Exposure
- Watch pricing dynamics as a key investment signal because limited HBM capacity and lower yields keep prices elevated.
- Focus on data-center and AI revenue exposure when evaluating memory stocks.
DRAM Dominates Micron Revenue Mix
- DRAM now represents roughly 80% of Micron's sales, making its DRAM cycle central to company performance.
- NAND strength in enterprise SSDs also supports AI-related demand but is a smaller revenue contributor.