Earning 26,400 yuan net per second, more profitable than NVIDIA, do you believe in "the light"? - 36 Kr

Micron Technology delivered an extraordinary financial performance in Q2 2026, reporting a net profit of $28.24 billion—equivalent to approximately 26,400 yuan per second—surpassing NVIDIA’s profitabi... Read original →

Micron’s Q2 2026 windfall reflects a structural shift: AI workloads are hitting the 'memory wall,' making HBM and advanced DRAM the new bottleneck—and profit center. This accelerates TSV adoption and EUV integration in memory fabs, reshaping equipment demand toward ASML and Tokyo Electron. While U.S. export controls on China raise compliance overhead, they simultaneously insulate Micron from price wars in restricted markets. Samsung and SK Hynix, burdened by mobile DRAM oversupply, lack equivalent long-term AI-focused contracts. Over the next 18 months, exponential HBM bandwidth demands from AI clusters—and embedded NAND in edge-AI devices—will bifurcate the memory market: strategic suppliers with captive AI customers thrive, while commodity players face irreversible margin erosion.