전망 요약
Micron is benefiting from a peak in the memory cycle with HBM sold out through 2026, though long-term risks increase as the cycle matures.
주요 포인트
- High Bandwidth Memory (HBM) is currently sold out through 2026, indicating peak demand.
- HBM is viewed as a lagging indicator of the AI cycle, suggesting the market is in its '7th inning'.
