MU · News · 20260804N

Competition and Market Share

MICRON TECHNOLOGY INC · 2026-08-04 · Importance 17 · Surprise 24

Micron reportedly holds 25% of global DRAM revenue, narrowing the gap with SK Hynix at 26%, while Samsung remains the leader at 39%. The company is gaining share as AI demand increases, but SK Hynix continues to dominate the highest-margin HBM segment. Chinese rival CXMT, along with Samsung and SK Hynix, is pursuing aggressive capacity expansion that could pressure future DRAM and NAND pricing. Analysts expect competition and new supply to slow memory price increases, with potential price declines emerging in late 2027.

Key facts

• Michael Burry added Nvidia put options expiring on December 18, 2026, increased a Micron short near $880 and expanded an iShares Semiconductor ETF short around $506. source
• Broadcom's stock has traded sideways for nearly two months after earnings amid investor desire for more aggressive AI growth guidance and concerns over Google TPU supply share. source
• Photronics Inc has a price-to-sales ratio of 1.65x, identified as the most undervalued memory-related stock by that metric. source
• SK hynix Inc offers the lowest forward P/E of 4.9x among major memory makers. source