Micron Eyes $50 Billion in Q4 Revenue, Rapidly Closing In on Samsung and SK Hynix with HBM4

The U.S. International Trade Commission (ITC) is investigating Micron (MU), Supermicro (SMCI), and HPE (HPE) for potential patent infringement of Netlist (NLST) memory technology. Netlist seeks exclusion and cease-and-desist orders. Shares of MU, SMCI, and HPE traded lower, with SMCI down 3.4%. Netlist's CEO cited a recent Samsung settlement as a benchmark for its IP value. Micron previously won a legal case against Netlist, invalidating five patents.

Micron Technology (MU) has gained 270% this year. Citi raised its price target to $1,300, citing strong DRAM pricing and tight supply. Q3 revenue was $41.45B, up 345% YoY. Analysts expect Q4 revenue of $51.2B and EPS of $31.56. The stock's outlook depends on future guidance for NAND and DRAM markets.

Acer's Jason Chen claims memory chip shortages are over, citing increased Chinese production. He argues dominant suppliers (Samsung, SK Hynix, Micron) signal coordination to maintain prices. Chen expects price declines by mid-2027, with Chinese chips already in products from Acer, HP, Asus, and Lenovo. He links memory price hikes to inflation, urging Fed attention.

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.