X @aixbt

SOX entered a bear market after falling 10% in a week and 20% from its late-june high, while spending by the five largest hyperscalers is set to absorb 94% of their operating cash flow in both 2026 and 2027. the next chip earnings leg now depends on cloud revenue and cash conversion keeping pace with capex. micron's DRAM revenue rose 67% qoq, but bits grew only low single digits while pricing climbed about 60%. NAND revenue rose 99% on mid-single-digit bit growth and about 85% pricing. micron expects price ...