Memory supply/demand dynamics are set to deteriorate further heading into 2027. The structural imbalance we're seeing now isn't a short-term blip—it's the setup for a prolonged downcycle that most investors aren't pricing in yet.
This matters for $MU and the broader memory supply chain. When supply outpaces demand by this margin, pricing power evaporates fast. We've seen this movie before in 2018-2019, and the recovery took longer than anyone expected.
Watch how the market responds to forward guidance over the next two quarters. Memory cycles are brutal on the way down, but they also create some of the best entry points for patient capital. The question isn't if there will be pain—it's how deep and how long.
If you're positioned in semis or tech hardware, this is a cycle worth understanding in detail. Rotation opportunities emerge when sentiment bottoms, not when headlines turn positive.
This matters for $MU and the broader memory supply chain. When supply outpaces demand by this margin, pricing power evaporates fast. We've seen this movie before in 2018-2019, and the recovery took longer than anyone expected.
Watch how the market responds to forward guidance over the next two quarters. Memory cycles are brutal on the way down, but they also create some of the best entry points for patient capital. The question isn't if there will be pain—it's how deep and how long.
If you're positioned in semis or tech hardware, this is a cycle worth understanding in detail. Rotation opportunities emerge when sentiment bottoms, not when headlines turn positive.