Is it Too Late to Buy the Memory Cycle? Micron Stock Valuation

Feb 24, 2026

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INSIGHT

HBM Is The AI Memory That Matters

HBM Is A Key AI Data Center Ingredient driving the memory trade.
Nicholas explains HBM is DRAM packaged close to GPUs and Micron is one of three global HBM suppliers ramping production aggressively.

ANECDOTE

Micron Rumor About Nvidia Supply Denied

Micron Faced A Supply-Rumor That CFO Quickly Denied.
Casey recounts February rumors Micron wouldn't be in NVIDIA's Vera Rubin supply chain and CFO Mark Murphy publicly refuted it.

INSIGHT

Memory Viewed As A Commodity Despite AI Demand

Memory Is Treated As A Commodity Within Systems despite its importance.
Casey argues DRAM is cyclical and, as a component of systems, should be viewed as a commodity for valuation and risk purposes.

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As we gear up for Nvidia earnings, the conversation in the AI data center era has shifted toward one critical ingredient: Memory. In this video we are discussing the "memory trade" and why High Bandwidth Memory (HBM) is causing such a shift in the market.

In this video, we break down Micron’s (MU) aggressive production ramp and debunk the rumors surrounding their place in Nvidia’s supply chain.

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Chapters:00:00 – The Memory Trade & Nvidia Anticipation 00:45 – HBM: The Essential AI Ingredient 01:45 – Addressing the Nvidia Supply Chain Rumors 02:30 – Is Memory a Commodity? The Cyclical Risk 03:15 – Calculating Free Cash Flow (FCF) 04:00 – Demand vs. Supply: Why Prices are Rising 05:00 – The Global Fab Expansion: Idaho, NY, & Beyond 06:15 – The $150 Billion CapEx Assumption 07:20 – Micron Valuation: 2026 & 2027 Forecasts 08:00 – Final Thoughts: Still Going Strong?

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Content in this video is for general information or entertainment only and is not specific or individual investment advice. Forecasts and information presented may not develop as predicted and there is no guarantee any strategies presented will be successful. All investing involves risk, and you could lose some or all of your principal.
#Micron #MU #AIInvesting #Semiconductors #HBM #ChipStockInvestor #StockValuation #TechStocks #Nvidia #MemoryTrade
Nick and Kasey own shares of Micron