Samsung just delivered the kind of number that should have sent memory stocks flying. Q3 operating profit reached approximately 107.4 trillion won, up almost ninefold from a year earlier and another quarterly record. Instead, memory stocks sold off. Micron fell about 4.8% to $1,035.84. SanDisk dropped about 4.9% to $1,609.46. SK Hynix also fell sharply. That looks contradictory. It is not. The market has moved beyond asking whether the memory boom is real. The new question is: Are we looking at peak earnings, or simply peak acceleration? Those are very different things. Samsung Record Profit Is Not Bearish The headline number is extraordinary, but the details matter more. Samsung revenue increased sharply, operating profit reached a new record, and memory remains the major engine behind th

I think memory may be approaching a cyclical peak, but the evidence is not strong enough to call the top yet. Samsung’s record profit shows the underlying demand and pricing environment remain exceptionally strong. The warning sign is the second derivative: profit is still growing, but sequential growth has slowed sharply, while DRAM and NAND price increases are moderating. For cyclical stocks, markets usually price the turn before earnings actually fall. That explains why MU, SNDK and SK Hynix can sell off even when current profits look spectacular. My base case: memory fundamentals remain strong into 2027, especially HBM and AI-related demand, but valuations could become increasingly sensitive to any sign of slower pricing, capacity expansion or weaker AI capex. Record earnings do not ne

The indices: the selling stayed inside technology, so the Nasdaq fell while the Dow closed higher The three indices split on Thursday: the $NASDAQ(.IXIC)$ fell 1.25 per cent to 27,193.34, the steepest of them; the $S&P 500(.SPX)$ fell 0.47 per cent to 7,765.36; and the $Dow Jones(.DJI)$ rose 0.10 per cent to 51,231.60. The 10-year Treasury yield came back from 5.28 per cent to 5.23 per cent on the same day. Rates fell and equities fell with them, which is not the chain of cause and effect of recent days: what was repriced was the assumption about demand along the AI chain, and the discount rate had nothing to d

$Micron Technology(MU)$  $SanDisk Corp.(SNDK)$  $SK hynix(SKHY)$   Samsung just delivered a record quarter, with operating profit reportedly reaching around 107.4 trillion won. Yet memory stocks sold off on Thursday. SanDisk fell 4.90%, Micron dropped 4.79%, and SK Hynix lost 4.35%. At first glance, this seems contradictory. If memory demand is strong enough to generate record profits, why are investors selling? The answer may lie in what happens next, not what has already happened. 1. The market trades on expectations Stock prices reflect expectations about future earnings, not simply how much money a company made last quarter. Samsun

$Samsung Electronics Co., Ltd.(SSNLF)$ Samsung Electronics has posted an astonishing 782.5% surge in preliminary third-quarter operating profit, reaching 107.4 trillion won (US$80.1 billion). In this article, we would like to share an in-depth equity valuation & beneficiary analysis for institutional investors and what it means for retail investors like us. 1. Decoding Samsung's Record-Breaking Quarter In October 2026, Samsung Electronics altered the financial landscape of technology by projecting a preliminary third-quarter operating profit of 107.4 trillion won ($80.1 billion). This staggering 782.5% year-over-year leap represents the first time in technological history that a single corporate entity has posted a quarterly operating profit

Samsung just delivered a number that would normally stop the market in its tracks. The world’s largest memory-chip maker estimates Q3 operating profit of 107.4 trillion won — roughly US$80 billion — up 782.5% from a year earlier. Revenue is estimated at 195 trillion won, up 126.6% YoY.  That’s an extraordinary result. But here’s the interesting part: The market isn’t reacting like this is a surprise. Samsung’s preliminary profit was only modestly above the LSEG SmartEstimate of 106.1 trillion won, while some other analyst estimates were actually higher. The full breakdown won’t arrive until October 29.  And that’s where the memory-stock debate gets interesting. 📈 The bull case Memory demand remains extremely strong. DRAM, NAND and HBM are all benefiting from tight supply and massive dema

The indices: all three fell back from record closes, and the Dow lost 0.66 per cent The three indices moved back from the previous day's record closes on Wednesday: the $Dow Jones(.DJI)$ Average fell 0.66 per cent to 51,179.90, the largest decline; the $S&P 500(.SPX)$ fell 0.22 per cent to 7,801.77; and the $NASDAQ(.IXIC)$ Composite fell 0.22 per cent to 27,538.69. The pressure came from the bond market: the 10-year Treasury yield reached 5.36 per cent at its intraday peak and closed at 5.28 per cent, while the 30-year touched 5.73 per cent and closed at 5.66 per cent. Minutes from the Federal Reserve's Septemb

$Micron Technology(MU)$   Micron Technology (MU) stock has returned 557% over the twelve months, against 16.0% for the S&P 500. The gain came during a shortage of memory chips, and management said on its September 30 call that it cannot see when supply and demand will balance. Yet the stock has barely moved since that call, amid worries over chip cycles and margins. So how seriously should a Micron holder take those worries? Micron’s Gross Margin Has Nearly Doubled In A Year Seriously enough, because the profit Micron earns today is new. Its gross margin was 73% over the latest twelve months, against 37% a year earlier. The year before that it was 11.4%, and Micron lost money two and three years ago. On

The semiconductor industry has become the beating heart of the AI revolution, and few companies are benefiting more than $Micron Technology(MU)$ . Once viewed as a cyclical memory-chip manufacturer, Micron has transformed into one of Wall Street's most important AI infrastructure plays. Cover As Micron prepares to report its fiscal Q4 2026 earnings on September 30, expectations are sky-high. After a stunning year that saw the stock surge multiple-fold and its market value surpass the trillion-dollar mark, investors are now asking a simple but critical question: Can Micron continue to outperform, or are expectations finally too high? The Quarter Everyone Is Watching Micron enters earnings season with tremendous momentum. Earnings Day Has Arrived The

Memory Prices Up 500% — Bull Signal or Cost Warning? “Memory prices are up more than 500%.” That was enough to send memory stocks higher Thursday. $Micron Technology(MU)$   Micron gained 5.50%, SanDisk 6.21% and SK hynix 4.64%, while Intel jumped 7.67%. But there is an important detail investors shouldn’t overlook: The 500% figure describes what a buyer is paying — not necessarily what memory manufacturers are earning. $Intel(INTC)$   Intel CEO Lip-Bu Tan was describing the severity of the memory-cost increase from a buyer’s perspective. Other industry pricing data show much more gradual quarter-to-quarter increases in server and mobile DRAM, so the exact product, starting point and time

$Micron Technology(MU)$   $SK hynix(SKHY)$   Micron Earnings Will be a Key Catalyst The biggest catalyst for the DRAM ETF will be the upcoming Micron earnings, which will provide more color about the industry. These earnings are important because it is the third-biggest player in the HBM industry after SK Hynix and Samsung Electronics. It is also the biggest company in the fund. Estimates are that Micron Technology’s revenue and profitability growth accelerated in the fourth quarter. The average estimate is that its revenue surged to $51 billion in the quarter, up by 365% from a year earlier. Its earnings-per-share, on the other hand, i

$Micron Technology(MU)$   Investors are eagerly awaiting Micron Technology’s fiscal fourth-quarter earnings on September 30 to see whether the memory chip company continues to enjoy solid demand and pricing tailwinds. Ahead of Q4 FY26 earnings, BMO Capital analyst, Harsh Kumar, reiterated a Buy rating on MU stock with a price target of $1,300. The analyst is bullish on Micron, as he believes that “memory remains in a supercycle as demand trends continue to exceed supply through FY27.” Kumar ranks No. 9 among more than 12,500 analysts tracked on TipRanks. He has a 74% success rate, with an average return per rating of 46.9% over a one-year period. Kumar raised his Q4 FY26 revenue estimate by $2 billion. He also in

$SK hynix(SKHY)$ there's still room to grow

$Micron Technology(MU)$   Investors are eagerly awaiting Micron Technology’s fiscal fourth-quarter earnings on September 30 to see whether the memory chip company continues to enjoy solid demand and pricing tailwinds.  Ahead of Q4 FY26 earnings, BMO Capital analyst reiterated a Buy rating on MU stock with a price target of $1,300. The analyst is bullish on Micron, as he believes that “memory remains in a supercycle as demand trends continue to exceed supply through FY27.” Kumar ranks No. 9 among more than 12,500 analysts tracked on TipRanks. He has a 74% success rate, with an average return per rating of 46.9% over a one-year period. Kumar raised his Q4 FY26 revenue estimate by $2 billion. He also increased

$SanDisk Corp.(SNDK)$ as i predicted yesterday.  Liquidity sucked in and sucked dry.  Follow to find out weekly range  Enter 1600 this week 

Memory prices up over 500%. Does that still count as good news? A cycle view, and how I trade it with sell puts Written Thursday, 24 Sept (SGT). First, is the 500% number real? Mostly, yes. It depends on which chip and which price you look at. For the newest standard memory, DDR5 is up nearly 500% year on year. The spot market is even more extreme: DRAM spot prices have surged nearly 700% over the past year, according to a Bloomberg report from July. Contract prices, which is what big buyers actually pay, moved in huge quarterly steps. TrendForce measured conventional DRAM contract prices up 93% to 98% quarter over quarter in Q1 2026, with many DDR5 SKUs up 3.5 to 4 times and DDR4 kits roughly doubling. Even after all of that, prices were still rising in August. PC DRAM averaged a record $