# chip earnings — X 热门讨论 (2026-09-24 16:42 UTC)
## @itsmichaelluu (Michael | Hypermarkets) · 09-23 21:43 · ♥31 ↻2 💬3 I like $DRAM calls for Jan 2028 $100 for $9 before $MU $SKHY $SNDK breakouts in the next 3 months.
$DRAM can hit $20 then $50+ at some point in the next 3 years.
Here's how it can explode if the AI trade keeps running for 3 more years:
Every AI chip needs memory. Each GPU Nvidia ships comes paired with stacks of HBM, and only three companies make it at scale: Samsung, SK Hynix and $MU.
$DRAM holds all three, roughly 75% of the fund. Why it can blow up:
• Memory is the bottleneck of the AI buildout, and new fabs take years to come online
• Every hyperscaler capex raise flows straight into memory orders
• Inference is memory hungry. More AI users = more memory demand
• Memory is cyclical. When pricing turns up, earnings don't just grow, they explode
• 2 more years of buildout = 2 more years of pricing power
The risk: this is the most cyclical corner of semis. It dropped 30%+ this summer before bouncing.
If AI spending slows, it falls hard.But if the AI trade keeps running, memory is where the leverage is. https://x.com/itsmichaelluu/status/2102876523661586735