Positive Earnings Outlook for Micron Amid Tight Memory Supply

about 1 month ago

Host

"Micron said it expected adjusted profit of 842, versus estimates of 478. Good for them. I don't really care about that part if you are a Micron shareholder, this is great news. Micron goes through these cycles when demand is just so high for memory that they can charge an arm and a leg and make more money than you ever dreamt of. They're even negotiating multi-year contracts while capex is set to rise to 20 billion, with AI demand remaining the biggest driver."

The speaker highlights Micron's strong earnings performance with adjusted profit forecasts far exceeding Wall Street expectations, driven by robust AI-related memory demand. This cyclical surge in pricing power and contract negotiations signals a positive long-term outlook for Micron.

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