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This marketing document has been issued by Bank Syz Ltd. It is not intended for distribution to, publication, provision or use by individuals or legal entities that are citizens of or reside in a state, country or jurisdiction in which applicable laws and regulations prohibit its distribution, publication, provision or use. It is not directed to any person or entity to whom it would be illegal to send such marketing material. This document is intended for informational purposes only and should not be construed as an offer, solicitation or recommendation for the subscription, purchase, sale or safekeeping of any security or financial instrument or for the engagement in any other transaction, as the provision of any investment advice or service, or as a contractual document. Nothing in this document constitutes an investment, legal, tax or accounting advice or a representation that any investment or strategy is suitable or appropriate for an investor's particular and individual circumstances, nor does it constitute a personalized investment advice for any investor. This document reflects the information, opinions and comments of Bank Syz Ltd. as of the date of its publication, which are subject to change without notice. The opinions and comments of the authors in this document reflect their current views and may not coincide with those of other Syz Group entities or third parties, which may have reached different conclusions. The market valuations, terms and calculations contained herein are estimates only. The information provided comes from sources deemed reliable, but Bank Syz Ltd. does not guarantee its completeness, accuracy, reliability and actuality. Past performance gives no indication of nor guarantees current or future results. Bank Syz Ltd. accepts no liability for any loss arising from the use of this document.
The numbers are staggering: • Revenue: $41.46B vs $36.3B expected (+14%) • Adjusted EPS: $25.11 vs $21.05 expected (+19%) • Gross Margin: 84.6%, up from 37.7% a year ago 📈 Shares jumped +15% in after-hours trading. But the real story isn't this quarter. It's what's coming next. Micron's guidance absolutely crushed Wall Street: ➡️ Q4 Revenue: $50B vs $43B expected ➡️ Q4 EPS: $31 vs $25.07 expected ➡️ Gross Margin: 85% vs 84% expected The AI memory boom is accelerating faster than almost anyone expected. Micron also announced $22 BILLION in multi-year customer supply agreements, including: • Take-or-pay contracts • Customer cash deposits • Pricing floors Even more remarkable: 🔥 HBM3E and HBM4 production is already fully booked through 2027. 🔥 Demand is now extending into 2028. That's an extraordinary level of visibility for the AI infrastructure cycle. Here's the perspective that really stands out: Micron generated more profit this quarter than Nvidia made almost exactly one year ago. Yet Micron still trades at roughly a $1.1 trillion market cap. The AI infrastructure buildout isn't slowing down. If anything... It's accelerating. The AI race is no longer just about GPUs. Memory has become one of the biggest bottlenecks—and one of the biggest winners. The semiconductor cycle has entered a completely different phase. Source: Bull Theory
Source: NDR, Rob Anderson
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