Micron: A Pound-The-Table Moment Ahead Of Q2

Bernard Zambonin1.54K FollowersFollow5ShareSavePlay(11min)CommentsSummaryAI infrastructure is dramatically increasing memory intensity, with modern AI servers requiring multiple terabytes of DRAM and hundreds of gigabytes of HBM, a structural shift that is driving much stronger.HBM supply remains structurally tight, controlled by a small group of suppliers and largely booked through 2026.MU trades at elevated revenue multiples ahead of Q2 earnings, reflecting market expectations of a cyclical peak, but HBM's growing revenue mix could drive further upside. JHVEPhoto/iStock Editorial via Getty Images Micron (MU) is set to report its Q2 results on March 18, with the market still largely pricing the company as a traditional memory cyclical stock—implying that the current cycle could peak as earlyThis article was written byBernard Zambonin1.54K FollowersFollowEquity Research Analyst at DM Martins Research.I cover stocks that are often undercovered, focusing primarily on Brazil and Latin America — but I also occasionally write about global large caps. My work can also be found on TipRanks, where I contribute regularly, and on TheStreet, where I was a frequent contributor in the past.- Disclaimer: All views expressed here are my own and do not necessarily reflect the views or official positions of DM Martins Research. My articles and analyses are for educational and informational purposes only and should not be taken as investment advice. Always do your own due diligence before making any investment decisions.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in MU over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.