Micron's $50 Billion Quarter: Record Margins, Sold-Out HBM, and a Sector Selling Off
Micron pulls back Wednesday alongside the chip complex — but its fundamentals tell a different story: $41.5B in Q3 revenue (+346% YoY), 84.6% gross margins, and Q4 guidance of $50B at 86% margins. How do you value the only American in the HBM oligopoly at peak cycle?