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Copper spent two years as the least interesting story in the commodity complex. Gold took the headlines.
Autoliv Advances Vehicle Safety Through Virtual Testing PR Newswire STOCKHOLM, Sept. 8, 2026
Micron Technology, Inc. stands at the center of the AI memory boom, with HBM3E supply sold out through 2027 and HBM4E ramping in 2027. Expectations for fiscal Q4 are ridiculously high. We think you need to see revenue above $54 billion, gross margins exceeding 86%, and EPS of at least $33 to avoid selling. The Data Center segment, driven by HBM demand, anchors MU's growth, while the Mobile and Client/PC segments benefit from rising memory content per device.
BlackRock Inc. bought a new position in shares of HudBay Minerals Inc (NYSE: HBM) (TSE: HBM) during the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 576,685 shares of the mining company's stock, valued at approximately $13,616,000. BlackRock Inc. owned
SK hynix leads the high-bandwidth memory (HBM) market, holding a 50% share, but Samsung is rapidly gaining ground. I see SK hynix and Samsung dominating future memory markets due to their leadership in HBM, HBF, and emerging HBS technologies. Micron risks marginalization by not investing in HBF, as I believe HBM + HBF will replace current AI memory architectures.
Micron Technology (MU) is rated Buy, driven by persistent AI-induced memory shortages extending beyond HBM into DRAM and NAND. AI server demand from Dell and HPE, coupled with supply constraints, positions MU for sustained elevated earnings through at least FY2028. DRAM is the core earnings driver, with HBM growth tightening conventional DRAM supply and NAND providing a near-term tailwind.
Micron is positioned to show record results for fiscal 4Q26, driven by robust DRAM demand and AI-related tailwinds. HBM and LPDDR innovations are fueling data center growth, with HBM supply constraints supporting elevated memory pricing and long-term contracts booked through 2028. I view MU as a buy for long-term investors, despite cyclical risks and potential future supply/demand imbalances from new fab buildouts.
Memory shortages remain severe as HBM consumes DRAM capacity, preserving supplier pricing power despite already extraordinary price increases. SK hynix expects memory shortages through 2030, while its new Indiana HBM4E capacity will not arrive until 2029. Micron Technology, Inc. expects FY2027 CapEx above the mid-$40 billion range, yet meaningful greenfield bit supply begins around calendar 2028.