Overview
- Micron shares slipped after a rapid two‑week surge, with a filing showing EVP Sumit Sadana sold 24,000 shares for about $10.1 million.
- The company says its high‑bandwidth memory is sold out through 2026, and market checks now point to 2027 allocations with talks beginning for 2028 supply.
- UBS lifted its price target to $535, citing stronger DRAM and NAND pricing and long‑term agreements with hyperscalers that include volume commitments and pre‑payments.
- Counterpoint reports Micron’s latest parts cut power needs for AI systems, including 30%‑plus gains with HBM3E, roughly 20% with HBM4, SOCAMM2 using about one‑third the power of DDR5, and PCIe Gen6 SSDs with up to 2x performance per watt.
- Recent results topped forecasts with revenue of $23.86 billion and EPS of $12.20, and investors now look to June guidance to test whether pricing and margins can hold.