The AI Memory Supercycle Could Last Longer Than Investors Expect. That's Great News for Micron and Sandisk. - The Globe and Mail

Micron Technology's recent quarterly results significantly exceeded expectations, with third-quarter revenue reaching $41.5 billion—well above the prior guidance of $33.5 billion. This performance und... Read original →

Micron’s revenue surge stems not from speculative AI hype but a structural shift driven by generational memory technology. Surging demand for HBM and DDR5 is forcing upgrades across the entire stack—from EDA tools to advanced packaging—creating cascading tech investments. Geopolitical friction, especially U.S. export controls on China, is inflating compliance costs and pressuring supply chain redesigns, with Taiwan, China and Hong Kong, China becoming critical yet vulnerable logistics nodes. Rivals like Samsung and SK Hynix will likely respond by locking in long-term deals with NVIDIA to avoid a repeat of the 2019 price collapse. Over the next 18 months, trillion-parameter AI models will mandate terabyte-scale memory per server, elevating memory chips from passive components to primary compute bottlenecks—solidifying Micron and SanDisk’s strategic advantage through disciplined capex and technology leadership.