Nobody can fake what Micron is telling us
This Week's Briefing
Want to know if the AI buildout is actually real?
Don't read the press releases. Watch Micron.
Revenue up 346%. Margins at 85%, that's software territory for a chip maker. Sold out for the rest of 2026. Customers paying deposits just to lock down supply 18 months out. Can only fill half to two thirds of demand.
And it's showing up in your pocket. Apple just hiked prices 20% because memory is so tight.
Nobody can fake an order book like that.
Key Takeaways
- High bandwidth memory goes into every GPU on the planet
- These are not normal numbers for a chip maker
The Bigger Picture
- The AI train is still moving. Micron just confirmed it.
- Memory costs so much Apple just raised prices by 20%
Why it matters
“When you want to know if AI is real, watch the picks and shovels.”