Micron in the AI Super Cycle: HBM "Sold Out" by the End of 2026

HBM as a Pricing Power Lever: Because HBM is extremely scarce, the negotiating power is shifting to the manufacturers – Micron can secure prices and volumes more firmly through contracts. Predictability Instead of Cyclicality: Record numbers and fixed delivery agreements for 2026 provide unusually high visibility in a business that has long been characterized by short-term price waves and abrupt cycle changes. AI Directly in the Factory: Micron uses "Smart Manufacturing" models that analyze vast amounts of sensor data and wafer images...