Nvidia and SK Hynix Signal Continued Strong Outlook for Micron
Micron Technology is set to report its fiscal 2026 fourth-quarter results on Sept. 30, with the market closely watching as strong memory demand and tight supply have driven significant revenue growth in recent quarters. Comments from Nvidia and SK Hynix suggest that this favorable trend may continue into next year due to ongoing memory shortages. Nvidia's CFO noted extreme pricing conditions for memory components, which are expected to persist and even intensify through 2030. Similarly, SK Hynix anticipates a worsening shortage as demand outpaces supply. Analysts also highlight aggressive hyperscaler capital spending on AI infrastructure, further supporting robust memory demand. Micron is currently valued at just six times forward earnings despite projected revenue growth of nearly 88% in fiscal 2027 and an expected EPS increase of over 112%. The company's strong fundamentals suggest it could see a valuation boost following its upcoming results.
Topics: AI ecosystem memory prices Micron Nvidia SK Hynix