HBM demand · X 热门 · 2026-09-24 16:10 UTC

# HBM demand — X 热门讨论 (2026-09-24 16:10 UTC)

## @Abbycadabby87 (Abby) · 09-24 13:58 · ♥70 ↻4 💬3 One thing that feels very different about this $MU cycle is that Micron is starting to lock in demand for the next several years through contracts.

Micron has disclosed 16 strategic customer agreements, covering roughly 20% of DRAM sales and one-third of NAND sales. More importantly, many of these are not short-term deals — they extend all the way through 2030.

This matters a lot for a Memory company. If more demand is locked in through long-term contracts, I think MU’s future revenue, capacity utilization, and cash flow all become easier to forecast.

So when I look at MU now, I’m not just watching whether HBM keeps rising or whether DRAM stays tight. What I care more about is whether Micron can use this AI Memory upcycle to gradually shift from being a highly cyclical stock into a company with much greater earnings visibility.

That’s also where I think the valuation logic for MU is starting to change.

$HBM $DRAM $NAND https://x.com/Abbycadabby87/status/2103121882958430302