HBM demand · X 热门 · 2026-09-22 06:36 UTC

# HBM demand — X 热门讨论 (2026-09-22 06:36 UTC)

## @TheBigBerbowski (TheBigBerbowski) · 09-21 13:27 · ♥71 ↻3 💬9 $MU earnings are coming up on September 30.

Micron enters the print with very strong guidance from its last earnings call:

- Revenue: $50.0B ± $1.0B - Non-GAAP EPS: $31.00 ± $1.00 - Gross margin: ~86%

Analysts estimates sit slightly above the midpoint, expecting roughly $50.6B of revenue and $31.27 EPS.

The bigger question will be the outlook: pricing, supply tightness, HBM demand and whether the extraordinary margin expansion can continue into FY2027.

The average 12 month analyst target across 30 analysts tracked by TipRanks is $1,564.

With $MU trading around $1,040 in pre market today, that implies roughly 50% upside to the current analyst consensus target.

One of the most important earnings reports for the entire memory sector this quarter. https://x.com/TheBigBerbowski/status/2102026928081293519

## @ren_stocks (Ren) · 09-22 04:54 · ♥39 ↻4 💬3 $SNDK

Funny thing. I've been hyper bullish on agentic AI for over a year, and it's one of the main reasons I hold the stocks I do, memory above all, and NAND in particular.

TrendForce just raised its NAND price forecast.

Enterprise SSD Soars, Consumer Stalls.

Enterprise SSD orders are still climbing into Q4 on North American cloud demand, and the two drivers they name are agentic AI and KV cache offload.

Agents generate state.

Every task an agent runs leaves behind retrieval results, working files and intermediate steps, and all of it has to be stored somewhere fast enough to be useful and cheap enough to keep. That's why cloud providers are scaling QLC SSDs, which pack the most bits per dollar of anything with an interface fast enough to serve inference.

KV cache offload is the other end.

Models need to hold context, and until now that lived in HBM and DRAM, the two scarcest, most expensive places on earth to keep anything. Push the parts you don't need every millisecond onto SSDs and you free up the expensive tiers for the work that actually needs them.

TrendForce says the industry is building frameworks specifically to do this, and China's inference architectures are already leaning on it.

The funny thing is the same report says consumer NAND is oversupplied, with YMTC adding capacity and a two-track pricing structure emerging in 2027.

Enterprise NAND it’s becoming a different product from the stuff in your phone, with its own supply, its own buyers and its own price.

The part of the market that agents need is the part that's short, and the part that's oversupplied is the part $SNDK doesn't depend on.

Bullish $SNDK https://x.com/ren_stocks/status/2102260218633523708