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Nvidia and SK Hynix Signal Strong Memory Prices Ahead for Micron
Micron Technology's upcoming fiscal Q4 results on September 30 will be closely watched as the memory industry continues to show strong demand and tight supply.
The rapid increase in memory prices has driven a significant jump in Micron's revenue and earnings over the past year, but investors are eager to know if this trend can continue.
Recent comments from Nvidia and SK Hynix suggest that memory prices will remain high, with Nvidia CFO Colette Kress stating that 'memory price hikes are here to stay' and expecting a drop in gross margin due to higher component costs.
SK Hynix also expects the memory shortage to worsen next year, estimating that memory demand could outstrip supply beyond 2030.