daz999999999
09-28 11:42

$Micron Technology(MU)$  

$SK hynix(SKHY)$ 

Micron Earnings Will be a Key Catalyst

The biggest catalyst for the DRAM ETF will be the upcoming Micron earnings, which will provide more color about the industry. These earnings are important because it is the third-biggest player in the HBM industry after SK Hynix and Samsung Electronics. It is also the biggest company in the fund.

Estimates are that Micron Technology’s revenue and profitability growth accelerated in the fourth quarter. The average estimate is that its revenue surged to $51 billion in the quarter, up by 365% from a year earlier. Its earnings-per-share, on the other hand, is expected to move to $3 in Q4’25 to $31.59 last quarter.

Micron’s earnings will likely come in well above these estimates. Still, the stock’s reaction will hinge on its forward guidance, which should offer more clarity on the business and the broader sector. A strong report could push the stock higher, which in turn would lift the DRAM ETF.

However, recently, technology companies like Oracle (NYSE:ORCL) and Broadcom (NASDAQ:AVGO) have dropped after publishing strong results.

Solidigm Potential IPO

Another potential catalyst that may boost the DRAM ETF is the upcoming Solidigm IPO, which is expected to value it at over $150 billion. Such an IPO would have an impact because it is owned by SK Hynix, the third-biggest company in the fund.

Solidigm is a major part in SK Hynix’s portfolio, where it makes high-capacity solid-state drivers (SSD) used mostly in servers and data centers. A successful IPO would be bullish for SK Hynix and the DRAM ETF.

The other potential catalyst is Kioxia Holdings, which is planning a $10 billion listing in the United States, mirroring what SK Hynix did in July.

At the same time, there are signs that these companies, despite their strong revenue growth, are highly undervalued. Micron has a forward price-to-earnings ratio of 14, while SanDisk has a meagre multiple of 8.3. Samsung Electronics has a multiple of 15, while SK Hynix has 9.2.



SK Hynix (SKHY) and Micron (MU) Comparison : Both Stocks Soar As AI Demand Increases

@daz999999999：
$SK hynix(SKHY)$ $Micron Technology(MU)$ $Micron Technology(MU)$ Bullish SK Hynix (SKHY) and Micron (MU) Comparison SK Hynix began volume shipments in the second quarter of HBM4 utilizing 1b DRAM and Advanced MR-MUF packaging. Samples of its 48GB, 12-layer HBM4E have been provided to major customers, featuring a single-pin speed of up to 16 Gbps and an energy efficiency improvement of over 20% compared with HBM4, and it is currently in the customer validation stage. Micron's 36GB, 12-layer HBM4 utilizing 1β DRAM has begun volume shipments for Nvidia's Vera Rubin platform, with bandwidth exceeding 2.8 TB/s. HBM4E utilizing 1γ DRAM is expected to enter mass production in 2027, while SOCAMM2 and PCIe 6.0 data center SSDs have also entered mass production. SK Hynix reported second-quarter 2026 revenue of 79.32 trillion Korean won with a K-IFRS operating margin of 76%; Micron reported third-quarter fiscal 2026 revenue of $41.456 billion, a US GAAP operating margin of 80.4%, and operating cash flow of $25.388 billion. Both companies have benefited from rising memory prices and growing shipments of high-value-added products, with current profit margins sitting at cyclical highs. SKHY vs. MU: Which Is Better for Long-Term Holding? As of September 23, 2026, SKHY and MU closed at $189.28 and $1,071.88, respectively. SKHY's 20-day simple moving average is approximately $177.18. The $185–$186 range serves as the immediate primary support level; if breached, the next support to monitor is around $177–$178. To the upside, $199.87–$200 forms a major resistance zone, and a breakout could bring the previous high region into focus. MU's 20-day simple moving average is approximately $979.69. The $1,040–$1,065 range is the near-term support zone, with $1,042.40 marking a previous breakout level and around $1,064 corresponding to the intraday low on September 23. To the upside, $1,097–$1,105 represents a near-term resistance zone; if it establishes a firm footing on heavy volume, the next upside target could be the all-time high of $1,255 set in June. Over the long term, SKHY is better suited for investors who value HBM mass-production experience and can tolerate depositary receipt price spreads and South Korean won exchange rate fluctuations. MU features a Nasdaq common stock structure, where USD trading and SEC financial disclosures make it easier for US investors to track. SK Hynix boasts richer experience in HBM mass production, but its HBM4E remains in the sample delivery and customer validation stage; Micron Technology, on the other hand, has begun volume shipments of HBM4 for Nvidia's Vera Rubin platform. In comparison, SKHY may offer higher stock price elasticity, while MU provides a more direct security structure and trading basis. Key variables over the next three years include HBM4 volume expansion, HBM4E mass production progress, advanced packaging yield, customer concentration, and return on capital expenditures. Following substantial rallies in both stocks, subsequent performance will mainly depend on order execution and whether earnings growth can be sustained.
SK Hynix (SKHY) and Micron (MU) Comparison : Both Stocks Soar As AI Demand Increases

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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