Analyst Ming-Chi Kuo Tweets "Following Samsung's price increase in August, Micron has also started to increase NAND flash wafer contract prices by approximately 10% since September, which will help improve Micron's earnings in 2H23..."
Portfolio Pulse from Happy Mohamed
Micron has increased NAND flash wafer contract prices by approximately 10% since September, following Samsung's price increase. This is expected to improve Micron's earnings in 2H23. Micron is also expected to benefit from three trends in 4Q23/1Q24, including Intel's new Meteor Lake platform, strong demand for AI servers, and brands and processor suppliers promoting LLM on devices.
September 05, 2023 | 3:57 pm
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Micron's decision to increase NAND flash wafer contract prices by 10% is expected to improve its earnings in 2H23. It is also set to benefit from several trends in 4Q23/1Q24.
The price increase for NAND flash wafer contracts will directly contribute to Micron's revenue, positively impacting its earnings. Additionally, the upcoming trends including Intel's new platform, AI server demand, and LLM promotion on devices are likely to create more opportunities for Micron, potentially driving its stock price up.
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IMPORTANCE 80
RELEVANCE 100