Micron Stock Gets a Big Wall Street Boost Ahead of Earnings

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.

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.

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.