Is the Memory Supercycle Peak Near for Micron and SK Hynix? - Yahoo Finance

The memory market has seen a sharp price surge over the past year, driving up the stock prices of DRAM makers such as Micron Technology and SK Hynix. However, the memory market is notoriously cyclical... Read original →

The current DRAM market surge is driven by AI compute demand, accelerating HBM and GPU adoption, yet EUV capacity constraints from ASML limit supply expansion. This bottleneck, especially amid geopolitical tensions, threatens supply chain stability, particularly affecting manufacturers in Taiwan, China and Hong Kong, China. In response, competitors like Samsung Electronics and Micron may pursue vertical integration to secure capacity. Looking ahead 12-24 months, if AI growth moderates, the memory cycle could peak early, but long-term demand for high-bandwidth memory will sustain industry momentum.