Micron Technology IncMU
▲ PositiveCapitalrelevance
Micron is the subject of the earnings preview, with consensus EPS/revenue above its own guidance and strong expected growth.
Impact on stocks 3
Semiconductors▲ · 1 stocks
Micron Technology IncFinancials▲ · 1 stocks
Goldman Sachs Group IncGS
Mentioned
Artificial Intelligence▲ · 1 stocks
NVIDIA CorporationNVDA
Mentioned
Theme Impact 2
Off-coverage companies 1
PricewaterhouseCoopersPrivate± Mixed
relevance
Related news
▲2
Citi Names Samsung, SK Hynix Buys on 2027 eSSD Demand Surge
Citi reiterated Buy ratings on Samsung Electronics and SK Hynix, flagging both memory makers as beneficiaries of a sharp rise in enterprise solid-state drive demand driven by artificial intelligence. The bank forecasts eSSD demand will grow 52.9% year over year in 2027, with total SSD demand rising 45% as AI systems require larger data pools closer to accelerators. Citi said continual learning and AI inference are set to drive the increase, and that strong enterprise AI demand should offset softer consumer NAND demand amid weaker mobile and PC markets. With memory makers prioritizing DRAM and high-bandwidth memory capacity over NAND, Citi projects NAND deficits of 6.1% in 2027 and 5.5% in 2028, up from just 0.8% this year. The bank added that AI data centers, particularly in China, are increasingly favoring SSDs over hard disk drives.
▲7impact 4
Nvidia CEO Jensen Huang Says Chip Sales Could Double Next Year
Nvidia CEO Jensen Huang said the company could sell twice as many chips next year compared to this year, speaking during a speech in Scotland last Thursday. Nvidia just started shipping its next-generation data center system, Vera Rubin, which includes the Rubin GPU, the Vera central processing unit, and upgraded networking components, and can deliver up to 30 times more performance than the equivalent Blackwell Ultra system while cutting inference token costs by 97%. Huang said every frontier AI company planned to adopt Vera Rubin at launch, unlike Blackwell Ultra. Nvidia is on track to deliver around $411 billion in total revenue during its current 2027 fiscal year, based on Wall Street's average estimate, and management recently told shareholders to expect 70% revenue growth in fiscal 2028, implying almost $700 billion next year. Nvidia stock trades at a price-to-earnings ratio of 28.1, less than half its 10-year average of 61.4, though risks include roughly $175 billion of fiscal 2028 sales potentially funded by Nvidia's own balance sheet, about 25% of that year's revenue according to CFO Colette Kress.
9impact 4
Intel and SK Hynix Explore US Memory Chip Partnership
Intel and SK Hynix are exploring partnership opportunities to manufacture memory chips in the United States, reportedly centering on Intel's long-delayed Ohio manufacturing complex, with possibilities ranging from SK Hynix leasing capacity to a broader joint venture involving cloud companies. No formal partnership has been announced, and SK Hynix stressed that no specific plans or arrangements have been finalized. Since reports of the potential partnership surfaced Wednesday, Intel shares have surged roughly 10%, while SK Hynix has climbed about 5%; SK Hynix stock has risen 20% since its U.S. Nasdaq debut in July, while Intel is up about 4% over the same period. Intel's Q2 revenue jumped 25% year over year to $16.1 billion, with Data Center and AI revenue surging 59% to $6.3 billion and Foundry revenue up 31%, and management guided Q3 sales to $15.8-$16.8 billion, representing 15% growth. The Zacks Consensus calls for Intel's fiscal 2026 revenue to rise nearly 18%, followed by another roughly 14% increase in FY27 to $70.89 billion, with FY26 EPS expected to soar to $1.50 from $0.42 per share last year and FY27 EPS projected at $1.96. SK Hynix, which began mass shipments of HBM4 and has shipped samples of HBM4E, trades at a forward P/E multiple of 7X versus more than 100X forward earnings for Intel, and carries a Zacks Rank #2 (Buy) while Intel holds a Zacks Rank #3 (Hold).