Micron's Entire 2026 HBM Output Is Already Sold Out as AI Demand Outpaces Supply
Micron's Q3 FY2026 revenue guidance of ~$33.5 billion would surpass any full prior fiscal year. Its HBM supply for all of calendar 2026 is already committed. Sandisk shares have surged over 700% year-to-date, yet both stocks trade at just 10–11x forward earnings.
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