From 24/7 Wall St. · Omor Ibne Ehsan · · 40s
HBM Sold Out Through 2027
Micron's AI memory orders surge as customers beg for HBM chips.
In brief
Micron's AI memory orders surge as customers beg for HBM chips. Micron's AI-driven memory contracts secure $100 billion in revenue through 2027 despite supply constraints. Originally reported by 24/7 Wall St..
The Memory Boom
Micron's stock jumped 502% in a year to $1,015.80.
“the memory industry has been structurally transformed by the proliferation of ai”
Customers Are Begging
Micron signed 16 five-year contracts for $100 billion in revenue.
“micron can fill only half to two-thirds of its biggest ai customers' demand”
Margins Break Records
Micron's gross margin hit 84.9% with $41.46 billion in revenue.
“the order book, contracts, and margins all support him”
HBM Scarcity
HBM chips are scarce, limiting ai accelerator shipments.
“virtually every ai workload creates data stored persistently on hdds”
The 2028 Crossroads
Micron can't predict when memory supply will catch up by 2028.
“micron does not have line of sight as to when memory supply will be able to catch up”
What matters most
Micron's AI-driven memory contracts secure $100 billion in revenue through 2027 despite supply constraints.
