When TSMC raised prices, the market's first reaction was that AI profits would shrink, and Micron dropped 13% on the same day.

But 48 hours later, a Micron earnings report completely overturned that logic.
HBM sold through 2030, signed over $100 billion in long-term orders, and Q4 guidance continued to significantly exceed expectations. #BTC下探60000美元关键关口
The market finally understood one thing: what truly determines the AI market trend is not cost, but demand. #Ripple稳定币RLUSD获批登陆日本
If demand is strong enough, a price hike is not a negative catalyst, but a sign that the industry chain holds pricing power.
That’s also why I’ve always believed that high interest rates don’t mean the end of the AI cycle.
The Fed can suppress consumption, real estate, and traditional manufacturing, but it can hardly suppress the global tech giants’ AI arms race.
Limited liquidity will ultimately flow to the places with the highest certainty.
This Micron earnings report seems to tell the market: the AI trend is shifting from telling stories to delivering earnings.