Crazy how fast the memory narrative flips.
A few sessions ago the talk was that names like MU and SNDK had already run too hard.
Now one supply shift later and people are back to asking whether the real move is only just starting.
That’s why this part of the market is so hard to trade.
When supply tightens, pricing power can change fast, and suddenly what looked “too expensive” starts getting re-rated again.
I still think memory is one of the most important pieces of the AI hardware story.
The real question now is whether this is the start of a bigger leg higher, or just another sentiment spike that gets sold.
Are you treating this as a real breakout in the memory theme, or just hype getting overheated again?
Micron Surges 15%! $100B Long-Term Orders Confirm Super-Cycle?
Micron reported record-breaking Q3 results, sending shares up ~15% after hours to $1,200. Total revenue hit a record $41.5B, up 74% QoQ and 346% YoY, with gross margins surging to 84.9% — briefly surpassing Nvidia — marking a fifth consecutive record quarter. The company has secured 16 take-or-pay long-term contracts guaranteeing $100B in minimum revenue, with $18B in cash deposits already collected.
Will you chase this memory super-cycle, or does the new high feel too expensive?
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