# HBM demand — X 热门讨论 (2026-09-29 18:36 UTC)
## @Venu_7_ (Venu) · 09-29 16:20 · ♥31 ↻1 💬7 Micron $MU earnings tomorrow.
HBM demand strong + NAND pricing improving + margins expanding.
I’ll be watching FY27 guidance closely through moomoo’s Earnings Hub. https://x.com/Venu_7_/status/2104969528619020494
## @SemiconductorsX (Semiconductor Insider) · 09-29 06:00 · ♥31 ↻3 💬2 HBM share in 2027 is a Korea versus Korea photo finish. Micron stays the third name.
J.P. Morgan sales share:
2025: SK Hynix 60%, Samsung 20%, Micron 20%.
2027E: SK Hynix 41%, Samsung 39%, Micron 21%. $SKHY $MU Samsung climbs 20% this year to 34% in 2026 and 39% in 2027. Pre-built TSV capacity, more 12-high stacks and HBM4 progress are the levers.
SK Hynix stays first but gives ground as customers split books and ASIC demand grows. Samsung plus Micron hit about 59% of HBM revenue by 2027.
The market is still short through 2028. JPM puts 2027–28 HBM at $160–282 billion. Pricing power holds even as the spec mix moves.
HBM is no longer a side SKU. It is becoming the spine of DRAM.
If Samsung is 39% and SK Hynix is 41% in 2027, does ASIC diversification finish the catch-up or does NVIDIA’s book keep SK Hynix in front by a point? > 引用 @MojoTricks: Samsung vs SK Hynix in HBM gets tight by 2027. JPM sales share: 2025 → SKH 60% / SEC 20% / MU 20% 2027E → SKH 41% / SEC 39% / MU 21%
Micron holds ~1/5. The fight is Korea vs Korea.
$DRAM $MU $EWY https://t.co/5HXxQbMJE4 https://x.com/SemiconductorsX/status/2104813435674300901