so micron just cracked the trillion-dollar club, and the numbers explain why. q3 revenue hit $41.46 billion, up from $9.3 billion a year ago. that's roughly 345% growth, basically a full repricing of what memory is worth. operating margin came in at 81 percent, wild for a company that used to be a brutal cyclical.


the driver is HBM, the memory sitting next to nvidia's gpus. it's sold out, and management can only meet about half to two thirds of demand into 2028. still memory though, so if hynix and samsung flood supply, pricing power could fade fast.
#MicronOvertakesMetaInMarketValue
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MerkleGarden
· 1h ago
Micron's market cap surpasses Meta, hardware finally outperforms software.
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GateUser-0aa20a11
· 1h ago
345% growth, this number looks fake in traditional industries.
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MistValleyFront
· 1h ago
The two memory giants haven't made their move yet, pricing power may not be stable.
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AirdropCartographer
· 1h ago
The worst thing for cyclical stocks is to forget that they are cyclical stocks.
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GaslightSamurai
· 1h ago
HBM binds with NVIDIA, and this customer concentration is also a double-edged sword.
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GateUser-3e7da866
· 1h ago
The more glamorous it is now, the more miserable it will be when overcapacity hits. Old players know.
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GammaRunner
· 1h ago
How long can HBM's moat last? It depends on Samsung and SK Hynix.
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