Memory chips are booming!

Micron Technology's earnings report was a bombshell.

Revenue of $41.4 billion, a surge of 346% year-over-year, net profit of $28.2 billion, an increase of 14 times. Gross margin of 84.9%, and next-quarter guidance is set to hit 86%. These numbers are off the charts in any industry.

Even more critical: HBM capacity for all of 2026 is already sold out. The expansion cycle is 18 to 24 months, and supply-demand tightness will last at least until the end of 2027.

Micron, Samsung, and SK Hynix are now signing 3-to-5-year long-term purchase agreements with minimum purchase commitments, pay as agreed. Major players generally treat computing infrastructure as the "roads, bridges, and railways" of the AI era. Even if the application side is temporarily unprofitable, they must secure their positions.

So, within 1 to 2 years, a super-high-cycle for storage is certain.

Micron surged 17% after hours, reaching a market cap of $1.18 trillion, gaining $200 billion in one night.

Yesterday, SK Hynix surged 13%, and Samsung rose 5.3%.$SNDK ‌$SKHYNIX ‌$MU ‌