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05-26
MU already price in 2027
Storage capacity simply can't keep up! Micron Warns: Shortages Will Last Beyond 2026
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05-18
No Sense! Just help someone to get lower price to buy in
Salesforce reinstated with an Underperform at BofA amid structural reset
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y","avatar":"https://community-static.tradeup.com/news/e9262203e5c721f64c6375096716462d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573446332679706","authorIdStr":"3573446332679706"},"themes":[],"title":"","htmlText":"MU already price in 2027","listText":"MU already price in 2027","text":"MU already price in 2027","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/568153710867456","repostId":"2638553272","repostType":2,"repost":{"id":"2638553272","kind":"highlight","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1779717030,"share":"https://ttm.financial/m/news/2638553272?lang=en_US&edition=fundamental","pubTime":"2026-05-25 21:50","market":"nz","language":"zh","title":"Storage capacity simply can't keep up! Micron Warns: Shortages Will Last Beyond 2026","url":"https://stock-news.laohu8.com/highlight/detail?id=2638553272","media":"华尔街见闻","summary":"美光在摩根大通科技峰会上表示，受AI强劲需求驱动，HBM、DRAM及NAND的供应紧张局面预计将持续至2026年以后。供应扩张面临性能提升收窄、晶粒尺寸增大及EUV爬坡制约等结构性瓶颈，即便厂商全力推进产能建设，短期内仍难以填补AI带来的供给缺口。","content":"<p><html><head></head><body><p style=\"text-align: left;\"><span style=\"color: rgb(34, 34, 34); background-color: rgb(255, 255, 255);\">Micron said at the JPMorgan Technology Summit that driven by the strong demand for AI, the tight supply of HBM, DRAM and NAND is expected to continue beyond 2026. Supply expansion faces structural bottlenecks such as performance improvement and narrowing, grain size increase and EUV climbing constraints. Even if manufacturers fully promote production capacity construction, it will still be difficult to fill the supply gap brought by AI in the short term.</span></p><p><p style=\"text-align: left;\">The AI computing power arms race is pushing the global memory chip market into a multi-year supply shortage.</p><p><p style=\"text-align: left;\"><a href=\"https://laohu8.com/S/MU\">Micron Technology</a>(Micron Technology) Management in<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>At the annual tech summit,<strong>Supply tightness of HBM, DRAM and NAND memory chips is expected to extend well beyond 2026.<a href=\"https://laohu8.com/S/600405\">power source</a>Since the application of artificial intelligence has a strong demand for high-performance storage, and the supply side is constrained by technical bottlenecks, it is difficult to expand production rapidly.</strong></p><p><p style=\"text-align: left;\">JPMorgan Chase cited the above views in a subsequent investment report and said that the bank is more confident in the multi-year bull market logic of the AI storage market after listening to Micron's management statement. The gap between supply and demand is difficult to reverse in the short term, which poses a clear signal for investors in the storage industry.</p><p><h2 style=\"text-align: left;\">Supply expansion faces structural constraints</h2><p style=\"text-align: left;\">According to JPMorgan Chase,<strong>Micron pointed out that the cause of tight supply in the storage market has structural characteristics, not a simple capacity cycle problem.</strong></p><p><p style=\"text-align: left;\">Specifically, the limited supply growth mainly comes from two aspects: on the one hand, the performance improvement of the new generation of memory chips is gradually narrowing, which means that the space for expanding effective supply by technology iteration alone has been obviously compressed.</p><p><p style=\"text-align: left;\">On the other hand, the grain size of the new generation HBM chips continues to increase, resulting in a decrease in the number of chips per unit wafer output, further weakening the supply elasticity. In addition, although the introduction of extreme ultraviolet (EUV) lithography technology helps to improve the manufacturing accuracy of advanced process DRAM, it also forms new constraints in terms of capacity climbing speed and cost.</p><p><p style=\"text-align: left;\">Under the superposition of the above factors,<strong>Even if storage manufacturers actively expand production, it is still difficult to quickly fill the supply gap caused by AI demand in the short term.</strong></p><p><h2 style=\"text-align: left;\">HBM4 mass production accelerated, 1-gamma node became the highest production node in history</h2><p style=\"text-align: left;\">In terms of product progress, Micron disclosed several key information.</p><p><p style=\"text-align: left;\">Micron's management said that driven by the strong demand for AI applications,<strong>The company's 1-gamma process node is expected to be its highest-ever DRAM node per unit wafer output</strong>。 HBM memory chips are made by vertically stacking and packaging multi-layer DRAM modules, which are widely used in AI GPUs. Micron is continuously integrating EUV lithography process into the mass production process of 1-gamma node.</p><p><p style=\"text-align: left;\">In terms of HBM product iteration rhythm,<strong>Micron has revealed that the production hill climb of the HBM4 is twice as fast as the HBM3. Production climb for next-generation HBM4E product expected to kick off in 2027</strong>The first samples will employ DRAM modules produced based on 1-gamma nodes.</p><p><h2 style=\"text-align: left;\">Expansion of AI inference demand drives SSD market share increase</h2><p style=\"text-align: left;\">In addition to HBM and DRAM, Micron also pointed out that the evolution of AI workloads is creating new growth opportunities for its solid-state drive (SSD) business.</p><p><p style=\"text-align: left;\">Micron's management said,<strong>The continuous expansion of AI context windows and the rapid growth of inference workloads have driven the demand for large-capacity, high-performance storage, and the company has achieved an increase in its share in the SSD market.</strong></p><p><p style=\"text-align: left;\">It is worth noting that Micron emphasizes that its strategy is not to provide standardized spot products, but to collaborate deeply with customers to customize and develop storage solutions for specific application scenarios. This model helps to consolidate customer stickiness and enhance product premium space.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Storage capacity simply can't keep up! Micron Warns: Shortages Will Last Beyond 2026</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStorage capacity simply can't keep up! Micron Warns: Shortages Will Last Beyond 2026\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2026-05-25 21:50</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><p style=\"text-align: left;\"><span style=\"color: rgb(34, 34, 34); background-color: rgb(255, 255, 255);\">Micron said at the JPMorgan Technology Summit that driven by the strong demand for AI, the tight supply of HBM, DRAM and NAND is expected to continue beyond 2026. Supply expansion faces structural bottlenecks such as performance improvement and narrowing, grain size increase and EUV climbing constraints. Even if manufacturers fully promote production capacity construction, it will still be difficult to fill the supply gap brought by AI in the short term.</span></p><p><p style=\"text-align: left;\">The AI computing power arms race is pushing the global memory chip market into a multi-year supply shortage.</p><p><p style=\"text-align: left;\"><a href=\"https://laohu8.com/S/MU\">Micron Technology</a>(Micron Technology) Management in<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>At the annual tech summit,<strong>Supply tightness of HBM, DRAM and NAND memory chips is expected to extend well beyond 2026.<a href=\"https://laohu8.com/S/600405\">power source</a>Since the application of artificial intelligence has a strong demand for high-performance storage, and the supply side is constrained by technical bottlenecks, it is difficult to expand production rapidly.</strong></p><p><p style=\"text-align: left;\">JPMorgan Chase cited the above views in a subsequent investment report and said that the bank is more confident in the multi-year bull market logic of the AI storage market after listening to Micron's management statement. The gap between supply and demand is difficult to reverse in the short term, which poses a clear signal for investors in the storage industry.</p><p><h2 style=\"text-align: left;\">Supply expansion faces structural constraints</h2><p style=\"text-align: left;\">According to JPMorgan Chase,<strong>Micron pointed out that the cause of tight supply in the storage market has structural characteristics, not a simple capacity cycle problem.</strong></p><p><p style=\"text-align: left;\">Specifically, the limited supply growth mainly comes from two aspects: on the one hand, the performance improvement of the new generation of memory chips is gradually narrowing, which means that the space for expanding effective supply by technology iteration alone has been obviously compressed.</p><p><p style=\"text-align: left;\">On the other hand, the grain size of the new generation HBM chips continues to increase, resulting in a decrease in the number of chips per unit wafer output, further weakening the supply elasticity. In addition, although the introduction of extreme ultraviolet (EUV) lithography technology helps to improve the manufacturing accuracy of advanced process DRAM, it also forms new constraints in terms of capacity climbing speed and cost.</p><p><p style=\"text-align: left;\">Under the superposition of the above factors,<strong>Even if storage manufacturers actively expand production, it is still difficult to quickly fill the supply gap caused by AI demand in the short term.</strong></p><p><h2 style=\"text-align: left;\">HBM4 mass production accelerated, 1-gamma node became the highest production node in history</h2><p style=\"text-align: left;\">In terms of product progress, Micron disclosed several key information.</p><p><p style=\"text-align: left;\">Micron's management said that driven by the strong demand for AI applications,<strong>The company's 1-gamma process node is expected to be its highest-ever DRAM node per unit wafer output</strong>。 HBM memory chips are made by vertically stacking and packaging multi-layer DRAM modules, which are widely used in AI GPUs. Micron is continuously integrating EUV lithography process into the mass production process of 1-gamma node.</p><p><p style=\"text-align: left;\">In terms of HBM product iteration rhythm,<strong>Micron has revealed that the production hill climb of the HBM4 is twice as fast as the HBM3. Production climb for next-generation HBM4E product expected to kick off in 2027</strong>The first samples will employ DRAM modules produced based on 1-gamma nodes.</p><p><h2 style=\"text-align: left;\">Expansion of AI inference demand drives SSD market share increase</h2><p style=\"text-align: left;\">In addition to HBM and DRAM, Micron also pointed out that the evolution of AI workloads is creating new growth opportunities for its solid-state drive (SSD) business.</p><p><p style=\"text-align: left;\">Micron's management said,<strong>The continuous expansion of AI context windows and the rapid growth of inference workloads have driven the demand for large-capacity, high-performance storage, and the company has achieved an increase in its share in the SSD market.</strong></p><p><p style=\"text-align: left;\">It is worth noting that Micron emphasizes that its strategy is not to provide standardized spot products, but to collaborate deeply with customers to customize and develop storage solutions for specific application scenarios. This model helps to consolidate customer stickiness and enhance product premium space.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://community-static.tradeup.com/news/01eaf058af436cca2f4a0dfb3f908c1a","relate_stocks":{"LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","BK4543":"AI","LU0109392836.USD":"富兰克林科技股A","BK4527":"明星科技股","BK4512":"苹果概念","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","BK4553":"喜马拉雅资本持仓","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) INC","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0274383776.USD":"MANULIFE GF US SMALL CAP EQUITY \"AA\" (USD) INC","BK4141":"半导体产品","LU2089985449.USD":"MANULIFE GF GLOBAL SEMICONDUCTOR OPPORTUNITIES \"AA\" (USD) ACC","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. 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Just help someone to get lower price to buy in ","listText":"No Sense! Just help someone to get lower price to buy in ","text":"No Sense! Just help someone to get lower price to buy in","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/565525500322568","repostId":"2636024760","repostType":2,"repost":{"id":"2636024760","kind":"highlight","pubTimestamp":1779099628,"share":"https://ttm.financial/m/news/2636024760?lang=en_US&edition=fundamental","pubTime":"2026-05-18 18:20","market":"fut","language":"en","title":"Salesforce reinstated with an Underperform at BofA amid structural reset","url":"https://stock-news.laohu8.com/highlight/detail?id=2636024760","media":"TIPRANKS","summary":"As previously reported, BofA analyst Tal Liani reinstated coverage of Salesforce (CRM) with an Underperform rating and $160 price target Salesforce...","content":"<div>\n<p>As previously reported, BofA analyst Tal Liani reinstated coverage of Salesforce (CRM) with an Underperform rating and $160 price target Salesforce...</p>\n\n<a href=\"https://www.tipranks.com/news/the-fly/salesforce-reinstated-with-an-underperform-at-bofa-amid-structural-reset-thefly-news?utm_source=itigerup.com&utm_medium=referral\">Source Link</a>\n\n</div>\n","source":"tipranks_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Salesforce reinstated with an Underperform at BofA amid structural reset</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSalesforce reinstated with an Underperform at BofA amid structural reset\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-18 18:20 GMT+8 <a href=https://www.tipranks.com/news/the-fly/salesforce-reinstated-with-an-underperform-at-bofa-amid-structural-reset-thefly-news?utm_source=itigerup.com&utm_medium=referral><strong>TIPRANKS</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>As previously reported, BofA analyst Tal Liani reinstated coverage of Salesforce (CRM) with an Underperform rating and $160 price target Salesforce...</p>\n\n<a href=\"https://www.tipranks.com/news/the-fly/salesforce-reinstated-with-an-underperform-at-bofa-amid-structural-reset-thefly-news?utm_source=itigerup.com&utm_medium=referral\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4598":"佩洛西持仓","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","CRM":"赛富时","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4567":"ESG概念","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) 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Just help someone to get lower price to buy in ","listText":"No Sense! Just help someone to get lower price to buy in ","text":"No Sense! Just help someone to get lower price to buy in","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/565525500322568","repostId":"2636024760","repostType":2,"isVote":1,"tweetType":1,"viewCount":178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":568153710867456,"gmtCreate":1779738519513,"gmtModify":1779738523153,"author":{"id":"3573446332679706","authorId":"3573446332679706","name":"V y","avatar":"https://community-static.tradeup.com/news/e9262203e5c721f64c6375096716462d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573446332679706","idStr":"3573446332679706"},"themes":[],"title":"","htmlText":"MU already price in 2027","listText":"MU already price in 2027","text":"MU already price in 2027","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/568153710867456","repostId":"2638553272","repostType":2,"repost":{"id":"2638553272","kind":"highlight","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1779717030,"share":"https://ttm.financial/m/news/2638553272?lang=en_US&edition=fundamental","pubTime":"2026-05-25 21:50","market":"nz","language":"zh","title":"Storage capacity simply can't keep up! Micron Warns: Shortages Will Last Beyond 2026","url":"https://stock-news.laohu8.com/highlight/detail?id=2638553272","media":"华尔街见闻","summary":"美光在摩根大通科技峰会上表示，受AI强劲需求驱动，HBM、DRAM及NAND的供应紧张局面预计将持续至2026年以后。供应扩张面临性能提升收窄、晶粒尺寸增大及EUV爬坡制约等结构性瓶颈，即便厂商全力推进产能建设，短期内仍难以填补AI带来的供给缺口。","content":"<p><html><head></head><body><p style=\"text-align: left;\"><span style=\"color: rgb(34, 34, 34); background-color: rgb(255, 255, 255);\">Micron said at the JPMorgan Technology Summit that driven by the strong demand for AI, the tight supply of HBM, DRAM and NAND is expected to continue beyond 2026. Supply expansion faces structural bottlenecks such as performance improvement and narrowing, grain size increase and EUV climbing constraints. Even if manufacturers fully promote production capacity construction, it will still be difficult to fill the supply gap brought by AI in the short term.</span></p><p><p style=\"text-align: left;\">The AI computing power arms race is pushing the global memory chip market into a multi-year supply shortage.</p><p><p style=\"text-align: left;\"><a href=\"https://laohu8.com/S/MU\">Micron Technology</a>(Micron Technology) Management in<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>At the annual tech summit,<strong>Supply tightness of HBM, DRAM and NAND memory chips is expected to extend well beyond 2026.<a href=\"https://laohu8.com/S/600405\">power source</a>Since the application of artificial intelligence has a strong demand for high-performance storage, and the supply side is constrained by technical bottlenecks, it is difficult to expand production rapidly.</strong></p><p><p style=\"text-align: left;\">JPMorgan Chase cited the above views in a subsequent investment report and said that the bank is more confident in the multi-year bull market logic of the AI storage market after listening to Micron's management statement. The gap between supply and demand is difficult to reverse in the short term, which poses a clear signal for investors in the storage industry.</p><p><h2 style=\"text-align: left;\">Supply expansion faces structural constraints</h2><p style=\"text-align: left;\">According to JPMorgan Chase,<strong>Micron pointed out that the cause of tight supply in the storage market has structural characteristics, not a simple capacity cycle problem.</strong></p><p><p style=\"text-align: left;\">Specifically, the limited supply growth mainly comes from two aspects: on the one hand, the performance improvement of the new generation of memory chips is gradually narrowing, which means that the space for expanding effective supply by technology iteration alone has been obviously compressed.</p><p><p style=\"text-align: left;\">On the other hand, the grain size of the new generation HBM chips continues to increase, resulting in a decrease in the number of chips per unit wafer output, further weakening the supply elasticity. In addition, although the introduction of extreme ultraviolet (EUV) lithography technology helps to improve the manufacturing accuracy of advanced process DRAM, it also forms new constraints in terms of capacity climbing speed and cost.</p><p><p style=\"text-align: left;\">Under the superposition of the above factors,<strong>Even if storage manufacturers actively expand production, it is still difficult to quickly fill the supply gap caused by AI demand in the short term.</strong></p><p><h2 style=\"text-align: left;\">HBM4 mass production accelerated, 1-gamma node became the highest production node in history</h2><p style=\"text-align: left;\">In terms of product progress, Micron disclosed several key information.</p><p><p style=\"text-align: left;\">Micron's management said that driven by the strong demand for AI applications,<strong>The company's 1-gamma process node is expected to be its highest-ever DRAM node per unit wafer output</strong>。 HBM memory chips are made by vertically stacking and packaging multi-layer DRAM modules, which are widely used in AI GPUs. Micron is continuously integrating EUV lithography process into the mass production process of 1-gamma node.</p><p><p style=\"text-align: left;\">In terms of HBM product iteration rhythm,<strong>Micron has revealed that the production hill climb of the HBM4 is twice as fast as the HBM3. Production climb for next-generation HBM4E product expected to kick off in 2027</strong>The first samples will employ DRAM modules produced based on 1-gamma nodes.</p><p><h2 style=\"text-align: left;\">Expansion of AI inference demand drives SSD market share increase</h2><p style=\"text-align: left;\">In addition to HBM and DRAM, Micron also pointed out that the evolution of AI workloads is creating new growth opportunities for its solid-state drive (SSD) business.</p><p><p style=\"text-align: left;\">Micron's management said,<strong>The continuous expansion of AI context windows and the rapid growth of inference workloads have driven the demand for large-capacity, high-performance storage, and the company has achieved an increase in its share in the SSD market.</strong></p><p><p style=\"text-align: left;\">It is worth noting that Micron emphasizes that its strategy is not to provide standardized spot products, but to collaborate deeply with customers to customize and develop storage solutions for specific application scenarios. This model helps to consolidate customer stickiness and enhance product premium space.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Storage capacity simply can't keep up! Micron Warns: Shortages Will Last Beyond 2026</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStorage capacity simply can't keep up! Micron Warns: Shortages Will Last Beyond 2026\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2026-05-25 21:50</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><p style=\"text-align: left;\"><span style=\"color: rgb(34, 34, 34); background-color: rgb(255, 255, 255);\">Micron said at the JPMorgan Technology Summit that driven by the strong demand for AI, the tight supply of HBM, DRAM and NAND is expected to continue beyond 2026. Supply expansion faces structural bottlenecks such as performance improvement and narrowing, grain size increase and EUV climbing constraints. Even if manufacturers fully promote production capacity construction, it will still be difficult to fill the supply gap brought by AI in the short term.</span></p><p><p style=\"text-align: left;\">The AI computing power arms race is pushing the global memory chip market into a multi-year supply shortage.</p><p><p style=\"text-align: left;\"><a href=\"https://laohu8.com/S/MU\">Micron Technology</a>(Micron Technology) Management in<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>At the annual tech summit,<strong>Supply tightness of HBM, DRAM and NAND memory chips is expected to extend well beyond 2026.<a href=\"https://laohu8.com/S/600405\">power source</a>Since the application of artificial intelligence has a strong demand for high-performance storage, and the supply side is constrained by technical bottlenecks, it is difficult to expand production rapidly.</strong></p><p><p style=\"text-align: left;\">JPMorgan Chase cited the above views in a subsequent investment report and said that the bank is more confident in the multi-year bull market logic of the AI storage market after listening to Micron's management statement. The gap between supply and demand is difficult to reverse in the short term, which poses a clear signal for investors in the storage industry.</p><p><h2 style=\"text-align: left;\">Supply expansion faces structural constraints</h2><p style=\"text-align: left;\">According to JPMorgan Chase,<strong>Micron pointed out that the cause of tight supply in the storage market has structural characteristics, not a simple capacity cycle problem.</strong></p><p><p style=\"text-align: left;\">Specifically, the limited supply growth mainly comes from two aspects: on the one hand, the performance improvement of the new generation of memory chips is gradually narrowing, which means that the space for expanding effective supply by technology iteration alone has been obviously compressed.</p><p><p style=\"text-align: left;\">On the other hand, the grain size of the new generation HBM chips continues to increase, resulting in a decrease in the number of chips per unit wafer output, further weakening the supply elasticity. In addition, although the introduction of extreme ultraviolet (EUV) lithography technology helps to improve the manufacturing accuracy of advanced process DRAM, it also forms new constraints in terms of capacity climbing speed and cost.</p><p><p style=\"text-align: left;\">Under the superposition of the above factors,<strong>Even if storage manufacturers actively expand production, it is still difficult to quickly fill the supply gap caused by AI demand in the short term.</strong></p><p><h2 style=\"text-align: left;\">HBM4 mass production accelerated, 1-gamma node became the highest production node in history</h2><p style=\"text-align: left;\">In terms of product progress, Micron disclosed several key information.</p><p><p style=\"text-align: left;\">Micron's management said that driven by the strong demand for AI applications,<strong>The company's 1-gamma process node is expected to be its highest-ever DRAM node per unit wafer output</strong>。 HBM memory chips are made by vertically stacking and packaging multi-layer DRAM modules, which are widely used in AI GPUs. Micron is continuously integrating EUV lithography process into the mass production process of 1-gamma node.</p><p><p style=\"text-align: left;\">In terms of HBM product iteration rhythm,<strong>Micron has revealed that the production hill climb of the HBM4 is twice as fast as the HBM3. Production climb for next-generation HBM4E product expected to kick off in 2027</strong>The first samples will employ DRAM modules produced based on 1-gamma nodes.</p><p><h2 style=\"text-align: left;\">Expansion of AI inference demand drives SSD market share increase</h2><p style=\"text-align: left;\">In addition to HBM and DRAM, Micron also pointed out that the evolution of AI workloads is creating new growth opportunities for its solid-state drive (SSD) business.</p><p><p style=\"text-align: left;\">Micron's management said,<strong>The continuous expansion of AI context windows and the rapid growth of inference workloads have driven the demand for large-capacity, high-performance storage, and the company has achieved an increase in its share in the SSD market.</strong></p><p><p style=\"text-align: left;\">It is worth noting that Micron emphasizes that its strategy is not to provide standardized spot products, but to collaborate deeply with customers to customize and develop storage solutions for specific application scenarios. This model helps to consolidate customer stickiness and enhance product premium space.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://community-static.tradeup.com/news/01eaf058af436cca2f4a0dfb3f908c1a","relate_stocks":{"LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","BK4543":"AI","LU0109392836.USD":"富兰克林科技股A","BK4527":"明星科技股","BK4512":"苹果概念","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","BK4553":"喜马拉雅资本持仓","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) INC","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0274383776.USD":"MANULIFE GF US SMALL CAP EQUITY \"AA\" (USD) INC","BK4141":"半导体产品","LU2089985449.USD":"MANULIFE GF GLOBAL SEMICONDUCTOR OPPORTUNITIES \"AA\" (USD) ACC","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. 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