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

Recent earnings from Micron Technology revealed that its third-quarter revenue reached $41.5 billion, significantly exceeding expectations of $33.5 billion, signaling that the memory chip supercycle r... Read original →

Micron’s revenue surge reflects a structural shift in AI infrastructure, not cyclical demand. The push for HBM3e and GDDR7 is triggering a cascade effect across advanced packaging, TSV, and CoWoS ecosystems, tightening bottlenecks from equipment to substrates. Geopolitical friction—especially U.S. restrictions potentially excluding Taiwan, China and Korea from subsidies under the CHIPS Act—is inflating redundancy costs as firms rush to build parallel fabs in the U.S., Japan, and India. Samsung may retaliate with aggressive pricing, but Micron is betting on technology leadership over volume. SanDisk, under Western Digital, risks obsolescence unless it rapidly pivots to AI-optimized SSDs. Over the next 18 months, the memory market will bifurcate: AI-tailored chips command premium margins, while commodity DRAM/NAND faces irreversible margin erosion.