NVDA
NVIDIA
-- 135.910 AMD
Advanced Micro Devices
-- 116.040 TSLA
Tesla
-- 394.740 RGTI
Rigetti Computing
-- 8.9300 PLTR
Palantir
-- 67.260 
The opinion of semiconductor industry CEOs
Micron has dropped 40% in the last six months. The 1Q financial results have been released, so I'll explain it. The reason for the recent decline again is that the 2Q forecast fell below the market forecast. It's better than last year, though. Meanwhile, management has previously mentioned that they expect record high profits for 2025/8, and I think so too. That's because NAND is weak, but HBM is doing well. On the other hand, it would be difficult to make money with Micron in the short term. If I can wait until 2025/12, I think I can buy it.
■Business content
・The world's leading manufacturer of DRAM and NAND flash memory
・In DRAM in particular, it has the 3rd largest market share in the world after SK Hynix and Samsung
■2024/1Q (September-November) results
・Sales: 8.709 billion dollars (up 84% from the same period last year)
・EPS: $1.79 (converted to surplus from a deficit of $0.95 in the same period last year)
・The main DRAM business saw a 20% increase in sales compared to the previous quarter
・Quantity (based on recording capacity): 10% increase in the first half
・Price: increase in the latter half of the single-digit range
・Both quantity and price of NAND flash fell, and sales decreased 5% from the same period
■Future Prospects (2024/12-2)
・Sales: planned to be 7.9 billion dollars (up 36% from the same period last year)
・Continued business EPS is expected to be 1.43 dollars (3.4 times the same)
・A prudent plan that falls short of market expectations (sales of $8.98 billion, EPS of $1.91). Stock prices fell because of this. Even though it's better than last year.
■Growth Drivers and Issues
・Demand for AI and data centers continues to be strong
・The HBM (broadband memory) market is expected to expand to over 30 billion dollars in 2025 and over 100 billion dollars in 2030
・On the other hand, those for smartphones and PCs were affected by inventory adjustments, and NAND flash was particularly weak
・Demand is expected to recover from the latter half of the fiscal year, but a careful view is necessary in the short term
■Business content
・The world's leading manufacturer of DRAM and NAND flash memory
・In DRAM in particular, it has the 3rd largest market share in the world after SK Hynix and Samsung
■2024/1Q (September-November) results
・Sales: 8.709 billion dollars (up 84% from the same period last year)
・EPS: $1.79 (converted to surplus from a deficit of $0.95 in the same period last year)
・The main DRAM business saw a 20% increase in sales compared to the previous quarter
・Quantity (based on recording capacity): 10% increase in the first half
・Price: increase in the latter half of the single-digit range
・Both quantity and price of NAND flash fell, and sales decreased 5% from the same period
■Future Prospects (2024/12-2)
・Sales: planned to be 7.9 billion dollars (up 36% from the same period last year)
・Continued business EPS is expected to be 1.43 dollars (3.4 times the same)
・A prudent plan that falls short of market expectations (sales of $8.98 billion, EPS of $1.91). Stock prices fell because of this. Even though it's better than last year.
■Growth Drivers and Issues
・Demand for AI and data centers continues to be strong
・The HBM (broadband memory) market is expected to expand to over 30 billion dollars in 2025 and over 100 billion dollars in 2030
・On the other hand, those for smartphones and PCs were affected by inventory adjustments, and NAND flash was particularly weak
・Demand is expected to recover from the latter half of the fiscal year, but a careful view is necessary in the short term
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Magnificent7 : The demand for general-purpose chips is clearly sluggish. Shift to Broadcom for custom chips.