bubble boi

GF Securities Overseas Electronics & Communications | Micron FY2Q26 Review: No Need to Worry About the CAPEX Increase ☀️ Results significantly beat expectations; target price raised to US$623: Micron delivered a very strong performance in fiscal 2Q26, with revenue reaching US$23.9 billion and non-GAAP EPS of US$12.20. ☀️ Fiscal 3Q26 guidance came in well above expectations: midpoint guidance is US$33.5 billion in revenue and US$19.15 in EPS (vs. around US$15 in buy-side checks and GF’s forecast of US$19.78). ☀️ Micron also announced that it began volume shipments of fourth-generation HBM to NVIDIA in calendar 1Q26, with yield maturation progressing faster than for HBM3E. ☀️ The stock fell 4% after hours, mainly because the market is concerned that Micron’s capacity expansion plans may be more aggressive than expected. ☀️ We remain confident in the DRAM upcycle, and our US$623 target price continues to be based on 4x the average FY2026/FY2027 book value per share. ☀️ The DRAM upcycle is continuing, so there is no need for excessive concern going forward: on the one hand, management’s comments on the earnings call clearly supported our view that the DRAM price upcycle will extend through 1H27. ☀️ Demand from both AI and traditional servers remains strong, while incremental supply in 1H27 will remain limited. Wafer output from new capacity will be concentrated in 2H27, and will only be sufficient to meet 50% to two-thirds of customer demand. ☀️ On the other hand, although the market is concerned about capacity expansion beyond 2027, we remain optimistic on the long-term memory cycle. ☀️ In 2026, we expect pure AI server memory — including HBM and LPDDR5X — to account for roughly 50% of total DRAM wafer demand, supported by the fact that the HBM-to-conventional-DRAM content ratio reaches 3.5x–3.8x. ☀️ Entering 2027, as next-generation products transition to 1TB HBM4E and CPU-side LPDDR5X memory usage increases, AI memory demand is likely to double. ☀️ In 2028, agentic AI could further boost memory demand by increasing requirements for CPU memory and workflow-related memory. ☀️ In addition, newly signed long-term agreements should provide earnings support even during a downcycle. ☀️ Pricing remained strong in fiscal 2Q26: according to market research data, average contract prices for conventional DRAM rose 90–95% in fiscal 1Q26, and we expect contract prices to increase by at least 50% in fiscal 2Q26. ☀️ For example, Micron’s 64GB DDR5 server DRAM was priced at around US$800 in fiscal 1Q26, while current negotiations for fiscal 2Q26 indicate pricing of at least US$1,250, implying a sequential increase of more than 50%. ☀️ Even after these price increases, Micron’s pricing still remains below that of SK Hynix and Samsung, leaving room for further hikes. ☀️ Meanwhile, as the share of server products in the mix continues to rise, we also expect blended ASPs to trend higher. $MU

JUST IN: Hyperliquid now trades more oil, gold, and silver than crypto.

friend’s kid asked what they should major in college i almost cried what do you even say anymore

The DOJ busted a $2.5 billion GPU smuggling operation to 🇨🇳. They used dummy servers in a warehouse to deceive inspections.

Not to say I’m a model or fashionista or anything, but I thought my outfit today was pretty good.

Clavicular meets his biggest supporter who donated him over 2000 subs ($10,000) on Kick 😳

🚨BREAKING: SUPER MICRO CO-FOUNDER ARRESTED FOR SMUGGLING $2.5B IN NVIDIA GPUs TO CHINA >SMCI co-founder Yih-Shyan "Wally" Liaw arrested today >personally holds $464 MILLION in SMCI stock >charged with smuggling BILLIONS in Nvidia servers to china >used a southeast asian shell company to funnel $2.5B in servers to chinese buyers >$510 million worth shipped in just THREE WEEKS in spring 2025 >built thousands of fake dummy servers to fool U.S compliance auditors >caught on surveillance camera using a HAIR DRYER to swap serial number stickers >coordinated the whole thing over encrypted group chats >SMCI down 12% after hours >faces up to 30 years in federal prison ITS SO OVER…

New leaked Epstein documents show the FBI removed the hard drive from the prison's camera system and wiped all footage from the night Jeffrey Epstein was murdered..

the dune movies were doomed from the start to be good and not great due to the casting of chalamet as paul. he does not have the gravitas for a child-god and is much better suited for kind of silly coming of age movies

Design Conductor: an AI agent that can build a RISC-V CPU core from design specs. The agent is given access to a RISC-V ISA simulator and manuals... to enable an end-to-end verification-driven generation. The most important thing for design intelligence is a verifier 😎