Nvidia and SK Hynix Signal Strong Memory Pricing Trends Ahead of Micron's Earnings
As Micron Technology prepares to report earnings on September 30, competitors Nvidia and SK Hynix have highlighted the ongoing pressure from rising memory prices. During its recent fiscal second-quarter call, Nvidia’s CFO noted that extreme pricing conditions in memory are exceeding expectations and will continue into next year, affecting gross margins but also indicating strong demand driven by AI growth. SK Hynix echoed similar sentiments, stating it does not expect a supply-demand balance until 2030 at the earliest. The company is investing heavily to expand its high-bandwidth memory production in South Korea through 2031, signaling long-term confidence in the market cycle driven by AI demand. Micron has already seen strong results from rising prices and sold out of HBM supply for 2026 while developing next-generation products. Analysts like Morgan Stanley have raised their price targets significantly due to these trends, suggesting Micron could benefit from continued pricing momentum in the memory market.
