$MU : The Supply Story Is More Bullish Than The Earnings.
> 26 long-term supply agreements signed > $32B in customer commitments > 75%+ of FY27 production already contracted > New fabs won't be ready until late 2028, supply ceiling is fixed. > Demand exceeds supply. Customers are being given order limits.
The demand is locked in. The supply can’t keep up.
> 26 long-term supply agreements signed > $32B in customer commitments > 75%+ of FY27 production already contracted > New fabs won't be ready until late 2028, supply ceiling is fixed. > Demand exceeds supply. Customers are being given order limits.
The demand is locked in. The supply can’t keep up.
