MEHROTRA SANJAY sold $331K of MU

Micron Technology (MU) saw Citi raise its earnings estimates and price target to $1,300 due to stronger-than-expected DRAM pricing. Citi forecasts Q4 sales of $51B and EPS of $31.45, with AI demand driving memory market tightness. Micron shares were down 0.8% premarket.

The U.S. International Trade Commission (ITC) has launched an investigation into Micron Technology, Super Micro Computer, Hewlett Packard Enterprise, and Lenovo over alleged patent infringement by Netlist, Inc. (NLST). The case involves memory products and four Netlist patents, with a potential import ban if infringement is found. Netlist seeks exclusion and cease-and-desist orders. The ITC typically reaches a verdict within a year.

The U.S. International Trade Commission (ITC) has launched an investigation into Micron, Supermicro, HPE, and Lenovo for allegedly infringing Netlist's patents. Netlist seeks to ban imports of the accused products. The ITC typically resolves such cases within a year. According to Netlist, the investigation validates the value of its intellectual property.

JPMorgan's report dismisses concerns over HBM specification downgrades, projecting 63% demand CAGR through 2026–2028. Samsung, SK Hynix, and Micron are key players, with HBM market expected to reach $160B–$282B by 2027–2028. ASIC demand is set to surpass GPU, and HBM prices are projected to rise 54% YoY in 2027 and 25% in 2028.

Global investors announced $538 billion in 'greenfield' FDI in H1 2026, with AI infrastructure driving capital flows. Communications sector led with $139.3 billion, primarily for data centers. SoftBank committed $50 billion in French data centers. Energy sectors followed, with renewables attracting $73.3 billion and fossil fuels $44.7 billion. Semiconductors saw $38.8 billion in FDI, including Micron's $24 billion Singapore investment.

SK Hynix (SKHY) shares fell 3% to $189.79 despite Wolfe Research raising its price target to $250. Wolfe projects SK Hynix and Micron (MU) could repurchase 32% and 25% of their market caps by 2027. SanDisk (SNDK) dropped 3%, and Micron slid 2%. The Roundhill Memory ETF (DRAM) fell 3%, outpacing the QQQ's 0.87% decline, indicating sector-wide selling.