Why Micron Technology's Stock Could Fall After July 10 - The Motley Fool

Micron Technology, a leading player in the tech sector, has seen its stock price surge over 800% in the past year, driven by strong demand and limited supply of memory and storage products. However, t... Read original →

Micron’s stock surge hinges on AI-driven HBM shortages, but SK Hynix’s Nasdaq debut on July 10 disrupts this fragile equilibrium. Technically, SK Hynix controls 60% of HBM3E output; its direct access to U.S. capital will accelerate integration into TSMC’s CoWoS ecosystem, marginalizing Micron in NVIDIA’s supply chain. On compliance, tightening U.S. export controls on advanced memory favor SK Hynix, which has localized HBM production in Korea, while Micron faces rising regulatory overhead. Strategically, SK Hynix is poised to outspend Micron on HBM4, forcing the latter into a costly GDDR7 vs. HBM dilemma. Over the next 12–24 months, any AI server demand deceleration will burst Micron’s valuation bubble—its lack of vertical integration makes today’s scarcity premium unsustainable.