美光科技-价格走势将内存推向未知领域

Equity Research U.S. Semiconductors & Semiconductor Capital Equipment 17 December 2025 Micron Technology, Inc. Pricing Drives Memory into Uncharted Territory Structural change in model as GMs guided to 68% with further improvements indicated through the year. This is the breakout quarter that many have expected given recent price dynamics in memory, but perhaps not to this magnitude. Highlights from the call include a material uptick in HBM (mgmt forecasted an HBM TAM CAGR of approximately 40% through CY28 ...