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Micron Technology

MUNasdaqXNASUSD
Company website ↗Investor relations ↗
UnchangedThesis v1
Latest local closeData retrievedThesis revised

Native listing

Price and relative performance

The local close remains in USD. Return comparisons use normalized performance, never nominal prices across currencies.
-0.02% today

Latest local close

USD 117.33

MU · Nasdaq · Jul 15, 2026

Daily
-0.02%

Previous observed local session

Weekly
-0.53%

Five observed local sessions

Monthly
-3.17%

Twenty-one observed local sessions

1M vs theme
-1.51%

Company return minus Memory basket

1M vs benchmark
-6.04%

Company return minus semiconductor benchmark

Normalized performance

Micron Technology, Memory basket, and benchmark

Micron Technology, the equal-weight Memory basket, and the semiconductor benchmark are each rebased to 100 over the selected window. Micron Technology's underlying close remains USD-denominated.

Local-return mode

Optional company overlays

Visible history: Feb 2–Jul 15. Lines connect actual observations for readability; return calculations do not forward-fill holidays.

Base = 100

Accessible latest values
  • Equal-weight Memory basket103.86
  • Semiconductor benchmark108.68
  • Micron Technology105.17

Thesis map

Where this company touches the thesis

The published theme thesis remains AI-led HBM demand can support an extended memory upcycle if conventional demand recovers, supply remains disciplined, and leading producers execute on qualifications and yields. Exposure below reflects pillars linked to approved evidence; it is not a recommendation or a new thesis version.
Unchanged

Pillar 1

AI infrastructure sustains HBM demand

AI accelerator deployment supports structurally higher demand for advanced HBM.

HBM mix and qualification progress can materially affect industry profitability.

Confirming signals

  • · Sustained accelerator demand
  • · Broader HBM qualifications
  • · Stable pricing

Disconfirming signals

  • · Accelerator order cuts
  • · Qualification delays
  • · Rapid commoditization

Pillar 4

Technology and qualification execution differentiates winners

Yield, packaging, and customer qualification determine company-level participation.

Theme strength does not guarantee equal outcomes across producers.

Confirming signals

  • · On-time samples
  • · Mass-production ramps
  • · Yield progress

Disconfirming signals

  • · Redesigns
  • · Delayed qualifications
  • · Packaging bottlenecks

Approved evidence

What the source record says

Only administrator-approved fixture events appear here. Each factual summary retains its stored primary source and its probabilistic thesis impact.

2 approved events

Bull case

Evidence that supports the thesis

Approved company-linked events classified as supportive of the published Memory thesis.

1 event

Supports thesisMateriality 5/5Confidence 98%

[DEMO DATA] Micron reports HBM4 and AI-storage production

Product

What happened

Micron's official release announces volume production for HBM4 and adjacent AI memory and storage products.

Why it matters

Production across multiple AI-oriented products supports demand breadth while increasing competitive supply.

Micron TechnologyHBMEnterprise SSDProduction ramp
Micron begins volume production of HBM4, PCIe 6.0 SSD and SOCAMM2 for NVIDIA Vera RubinMicron TechnologyPrimary

Bear case

Evidence that challenges the thesis

Approved company-linked events that pressure an assumption or raise a competitive risk.

1 event

Challenges thesisMateriality 5/5Confidence 98%

[DEMO DATA] Samsung reports HBM4E samples

Product

What happened

Samsung's official release says it began shipping 12-layer HBM4E samples to customers.

Why it matters

Additional credible supply supports the end-market thesis but may intensify company-level competition.

Samsung ElectronicsSK hynixMicron TechnologyHBMProduct qualificationIndustry consolidation
Samsung Electronics Begins Shipment of Industry-First HBM4E SamplesSamsung Global NewsroomPrimary

Mixed and contextual

Evidence without a one-directional read

Mixed events and neutral context remain visible instead of being forced into a bullish or bearish conclusion.

0 events

No approved mixed or neutral evidence is currently linked to this company.

Decision points

What to watch

These fixture dates exercise the watchlist workflow. They are illustrative planning markers, not sourced company or government schedules.

  1. Illustrative date

    [DEMO DATA] Memory contract-pricing review

    Illustrative monthly review of DRAM and NAND contract-pricing evidence.

    This fixture is a demo decision point, not a sourced company or government schedule.

    Industry DataM4

  2. Illustrative date

    [DEMO DATA] Export-control policy watch

    Illustrative policy-monitoring date; not a claimed government announcement.

    This fixture is a demo decision point, not a sourced company or government schedule.

    RegulatoryM3

Primary record

Recent sources

Stored primary sources behind the approved company-linked evidence above. Source links open the original publisher record.

2 sources

Samsung Electronics Begins Shipment of Industry-First HBM4E SamplesSamsung Global NewsroomPrimaryMicron begins volume production of HBM4, PCIe 6.0 SSD and SOCAMM2 for NVIDIA Vera RubinMicron TechnologyPrimary