Micron Gets a Sell as HBM Share Slips and DRAM Oversupply Looms

Micron Technology got a Sell rating because its market standing is slipping, especially in the high‑margin HBM segment. The company is losing ground to rivals while its peers keep climbing.

Even though Micron doubled its HBM production capacity, Samsung and SK Hynix are taking the lead thanks to better technology and being first to market. The firm moved some wafer capacity to regular DRAM, which lifts its share but squeezes profit margins and makes earnings swing with spot prices.

Looking ahead to 2030, a flood of DRAM supply and aggressive Chinese players are expected to crush pricing power, hit revenue and shrink earnings per share, so the current price looks too high.

The writer brings more than ten years of hedge‑fund experience in tech and energy, focuses on data and trends, and says there are no holdings or plans to buy Micron stock, while the usual Seeking Alpha warnings apply.