DRAM News & Analysis
5 articles
Market Mood
Micron (MU) Seen as Undervalued Amid Growing Memory Demand
Micron Technology, Inc. (MU) is viewed as undervalued by Mizuho analyst Jordan Klein, suggesting it trades at 3 to 4 times buy-side EPS. He emphasizes a growing demand for DRAM driven by AI CPU acceleration, with industry reports indicating tightening supply conditions that are expected to last until the second half of 2027. The demand for High Bandwidth Memory (HBM) is also strong, showing a 3-to-1 trade ratio. Klein's assessment suggests increasing prices for Micron's products, highlighting the potential for appreciation in MU stock as market conditions evolve.
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Rambus (RMBS) Stock Downgraded Due to DRAM Shortage Concerns
Baird has downgraded Rambus (RMBS) due to concerns about DRAM shortages affecting the company's performance. The downgrade is significant as DRAM supply issues could impact revenues and profitability. Market analysts are closely monitoring these supply chain dynamics, as they could lead to fluctuations in Rambus’s stock price. The stock's P/E ratio and trading volumes will be of interest to investors as the situation develops.
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SK Hynix (000660.KS) Achieves Record First-Quarter Revenue
SK Hynix (000660.KS) reported record first-quarter revenue of 52.58 trillion won ($35.55 billion), slightly missing the forecast of 53.55 trillion won. Operating profit reached 37.61 trillion won, above the estimate of 37.92 trillion won, and has increased fivefold year-over-year. Despite typical seasonal downturns, AI demand spurred growth, leading to an operating margin of 72%. The DRAM market experienced 30% quarter-over-quarter growth for two consecutive quarters, influenced by rising memory prices fueled by a shortage in supply.
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Micron (MU) Reports Q2 2026 Revenue of $23.86B, Up 196%
Micron Technology (MU) reported Q2 2026 revenue of $23.86 billion, marking a 196% increase year-over-year, with non-GAAP gross margins at 74.9%. The company holds an estimated 21% to 24% share of the high-bandwidth memory (HBM) market, with its 2026 HBM4 supply fully sold out. The HBM market is projected to expand from $35 billion in 2025 to $100 billion by 2028, providing Micron with significant pricing power. The rise in demand from AI data centers contributes to Micron's strong position as the primary U.S. supplier of advanced memory chips.
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ASML (ASML) Price Target Raised to $1971 Amid DRAM Capacity Growth
On March 26, Bernstein SocGen Group reiterated an Outperform rating on ASML Holding N.V. (ASML) and increased the price target to $1971 from $1911. The company is expected to benefit from a significant DRAM capacity build-out, with monthly wafer production projected to grow from 145,000 in 2025 to 330,000 by 2027. Additionally, ASML is expected to ship 44 EUV machines to DRAM producers in 2028, a rise from 18 units in 2025. This positive outlook could enhance ASML's market position in the semiconductor manufacturing sector.
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