Mentions

The host frames Micron as the memory complement to Nvidia's compute, arguing that AI inference is increasingly memory-limited rather than compute-limited. Long-context agents, code analysis tools, and multimodal design systems all require massive data bandwidth, making high-bandwidth memory a critical system bottleneck. Micron's latest earnings validated the thesis with a record $23.9 billion in revenue and gross margins expanding sharply to 74% from just 37% one year prior, demonstrating accelerating monetization of AI memory demand.

The host is strongly bullish on Micron Technology as one of only three HBM suppliers globally — a market that is entirely sold out through 2026 with waitlists into 2027. The Hormuz closure creates an additional tailwind: SK Hynix relies on imported helium and chemicals from Qatar-adjacent supply chains, while Micron's US fabs have access to domestic helium reserves. This means Micron either gains market share as SK Hynix costs rise or benefits from market-wide price expansion. Revenue grew 56% last year, EPS expanded 175% in a single fiscal year, and the PEG ratio sits at a striking 0.25 — the host calls Micron the fastest-growing company on the list.

The host describes Micron as well-positioned if AI server deployments continue ramping, citing memory and high-bandwidth memory (HBM) demand as the specific driver. The bull case is directly tied to TSMC's confirmed AI compute strength flowing through to memory requirements.

The host is highly bullish on Micron, presenting four explicit reasons to buy. (1) Proven demand: AI frontier model makers like Anthropic are driving explosive high-bandwidth memory (HBM) consumption, with Anthropic's revenue tripling to a $30B+ run rate in ~3 months, directly pressuring HBM supply. (2) Industry trends: Memory average selling prices are forecast to rise 191% by end of 2026; competitors Samsung and SK Hynix are posting massive revenue surges, validating the cycle; and for the first time in Micron's history, customers including Microsoft, Google, AMD, Amazon, Meta, Alibaba, and ByteDance are being locked into 3–5 year supply agreements, with 2027 HBM capacity already fully reserved and 2028 discussions underway. (3) Guidance: Micron guided next-quarter revenue to $33.5B (a ~$10B sequential jump), gross margins near 81%, and EPS of $19.15—with last quarter having beaten by 40%, suggesting further upside. (4) Valuation: Despite the explosive growth, Micron trades at under 19x trailing PE and only 4.5x forward PE; applying even a modest 10x forward multiple implies ~$766/share versus the current ~$400 price, with a base-case 20x implying $1,500. New clean-room capacity is not expected until end of 2027, meaning supply constraints and pricing power should persist.

The host is bullish on Micron, emphasizing its unique structural advantage as the only major memory maker with a fully domestic US supply chain. A specific geopolitical catalyst is highlighted: Iranian strikes on Qatar's Ras Laffan helium complex have choked off ultra-pure gas supplies that Korean fabs (Samsung, SK Hynix) depend on for 65% of their helium, with spot prices already doubled and 30%+ contract premiums. Micron sources all gases domestically and is completely insulated. Micron's HBM4 memory is already inside Nvidia's Vera Rubin platform and all 2026 HBM capacity is committed. Financially, the company swung from a nearly $6B loss two fiscal years ago to $5B in profit in a single quarter, with revenue up 196% YoY, gross margins at 75%, and next-quarter guidance calling for 200%+ growth. The host argues this margin gap will persist for at least 12 months. Analysts forecast 47% upside. Model portfolio allocation is 20%.

The host is strongly bullish on Micron, positioning it as a critical AI infrastructure play rather than a traditional cyclical memory stock. The core thesis rests on three pillars: (1) HBM supply for calendar year 2026 is already fully sold out, signaling deep, real demand from serious buyers locking in supply now; (2) Micron is the only US producer at scale in this category, giving it a strategic geopolitical moat as hyperscalers and governments prioritize domestic AI supply chains; and (3) the stock is still priced like an old-school cyclical at a forward PE of 6.8 versus Nvidia's 22.1, suggesting the market hasn't yet repriced Micron's evolving strategic importance. The host draws a parallel to Nvidia's re-rating from 'gaming chip company' to dominant AI platform, arguing Micron may be in the early stages of a similar narrative shift. Entry levels cited are around $385 on a pullback and $413 as a secondary level. The bear case acknowledged is a classic cycle risk: if supply expands faster than demand or a future glut is anticipated, margins can compress quickly and sentiment can reverse hard even if the long-term story remains intact.

The host is strongly bullish on Micron, framing memory as a critical, non-commodity component of AI performance. Micron's most recent earnings were described as potentially their best quarter ever: revenues up ~75% quarter-over-quarter and 196% year-over-year, earnings up over 700% driven by high bandwidth memory demand, and management guided for $33.5B in revenue next quarter (another ~40% sequential growth). The host dismisses the TurboQuant-driven selloff by invoking Jevons Paradox — arguing that when memory efficiency improves, total demand expands far more than supply is reduced — just as DeepSeek's compute efficiency ultimately accelerated Nvidia chip demand.