X discussionMicron Technology fell through $1,000 after China's CXMT said it will launch denser server DRAM by year-end. The multi-day selloff pulled Korean memory names harder and left traders arguing whether this is a buyable AI-memory dip or the start of a deeper correction. Elon Musk then praised Micron for keeping future memory prices reasonable while calling rivals extortionate.
BullCXMT is a distant, yield-constrained China story that leaves Micron's sold-out HBM book intact. JP Morgan-cited backlog of $150B across 26 long-term deals and Musk's loyalty call back buying under $1,000.
BearChina's denser DRAM designs threaten longer-term pricing power after a 200%+ YTD run. Memory makers historically roll over once gross margins peak, and Micron already flagged flat next-quarter margins.
Posts
Bull evidence
@elonmuskMicron priced future memory reasonably while others were extortionate, earning lasting customer loyalty.
@RealNickMugalliCXMT fear is overdone; MU has $150B backlog, 26 LTAs, and 75%+ of next year's output already sold.
@JasonL_CapitalBuying MU under $1,000 is a no-brainer for long-term investors.
Bear evidence
@FinanceLancelotMU's drop completes the return-to-normal phase of a memory bubble after margins peaked and guidance went flat.
Context
@StockSavvyShayMU broke below $1,000 on CXMT denser server-memory plans; near-term HBM is safer than longer-term DRAM pricing.
@JesseCohenInvAsks whether the MU dip is a buy or the start of a bigger correction.