# HBM demand — X 热门讨论 (2026-10-01 15:21 UTC)

## @JohnTinsmanAOT (John Tinsman) · 10-01 12:06 · ♥77 ↻3 💬29 I can’t believe $MU Micron is trading down after a blowout earnings…

1) PE Ratio of 8

2) Guidance of 350% Rev growth

3) Rev Growth 379% YoY

4) EPS Growth of 1061% YoY

5) Signaled Large buyback starting Dec 9th

6) Indicated HBM Demand Accelerating Significantly > 引用 @JohnTinsmanAOT: Micron $MU States Intention of Large Buyback on Conference Call

Michael Murphy, CFO “We have the ability and the intent to increase our capital return and you can expect us to seek to increase our authorization and commence stronger capital return from December 9th in accordance with the agreements we have on CHIPS.”

$150 billion buyback incoming? https://x.com/JohnTinsmanAOT/status/2105630419722940714

## @SMASIMHO (Nebulizer) · 10-01 12:44 · ♥94 ↻1 💬5 🚨$NBIS acquire Inferize

The 10-month old startup specializes in reducing the "cold start" problem.

It takes time to load model weights into GPU memory (HBM) and initialize the serving stack.

During this time, GPUs sit idle. As $NBIS shifts to auction-based pricing for preemptible VMs and spot compute, where capacity is constantly being reassigned as demand and pricing change, reducing downtime becomes increasingly important.

Those small pockets of downtime can quickly compound across the fleet, similar to how small slowdowns on a highway can eventually cascade into a nightmare traffic jam.

Inferize specializes in reducing the idle GPU tax by getting models online faster, allowing Nebius to reduce TTFT, improve GPU utilization, and squeeze more productive compute out of the same fleet. https://x.com/SMASIMHO/status/2105640032212033578

## @StockSavvyShay (Shay Boloor) · 10-01 15:06 · ♥72 ↻4 💬15 $MU CEO says the company “delivered an exceptional quarter” as revenue keeps rising even while pricing gains start to moderate.

That means more growth is now coming from bits and mix as AI demand broadens across HBM, server DRAM and enterprise SSDs instead of depending on another huge move in spot pricing. > 引用 @StockSavvyShay: My initial read on why $MU isn't more green is that Q4 was still heavily price driven with DRAM revenue up 27% while bits only grew mid single digits and NAND up 42% with ~30% pricing so the market is still treating these earnings like a peak that fades once supply catches up.

What changed this quarter is management gave us a lot more visibility into why that may not happen anytime soon with 75%+ of next year’s output already committed, SCAs stretching into 2031, margins rising after Q1 and meaningful new cleanroom capacity still not arriving until late 2028.

If Micron can sustain something around $200 of forward EPS and market eventually decide that setup deserves even 10x instead of 6x then you're suddenly looking at $2,000 stock without needing an aggressive multiple. https://x.com/StockSavvyShay/status/2105675656688459844