📊 Micron Between Supply Hopes and Overvaluation Concerns - 2026.10.26

Hi, it’s Dotori 🌰 Let’s start with the big picture. This time, hopes for AI memory and concerns about overvaluation are bundled together. Jeju Daily reported that expectations for a shortage of AI memory supplies are drawing attention as Micron’s share price rebounds ^[1].

🔗 Between Supply Hopes and Overvaluation

The article also mentions concerns about overvaluation ^[1]. In a nutshell: “There are reasons to be optimistic, but some also say the stock is expensive.” The important thing here is that this is the media’s perspective. It isn’t a plan confirmed by the company, so how long the supply shortage might last remains an open question.

Let’s look at the share price, too. The closing price on the 22nd was $856.49, down -6.26%, and on the 23rd it was $877.55, up +2.46%. With prices swinging from day to day, it’s hard to determine the direction from a single figure. Still, it’s interesting to watch whether the stock reacts in the same direction whenever supply comes up. 📈

Meanwhile, Seoul Economic TV reported that concerns about a DRAM supply crisis are mounting following Micron’s strike announcement, drawing attention to Samsung Electronics and SK Hynix as well ^[5]. Union bonus demands and the strike announcement have already been covered in several articles, so I’ll focus here on the new point: if supply from one company is disrupted, the position of its neighbors can look different. It’s like a relay race: when one runner stops, the pace of the runner beside them becomes more important.

⚙️ Bonuses and Margins, Two Sides of the Same Coin

Newsis reported that Micron, following Samsung Electronics and SK Hynix, has also introduced a profit-linked bonus system ^[2]. The details and scale of the payouts aren’t available from the headline alone. Even so, it’s worth noting the broader trend: a framework of “sharing when there are profits” is taking hold across the global memory industry. Since memory prices and profits fluctuate together, how bonus structures interact with the cycle is the key connection.

There’s also the story on margins. The Motley Fool reported that Micron and Sandisk achieved record margins in their memory businesses and said there’s a clear winner between the two ^[3]. The article provides limited detail, so the original source needs to be checked for specific margin figures and supporting evidence. Yahoo Finance compared Micron and Sandisk as AI memory stocks to own over the next 3 years ^[4]; that should be read as the article’s claim alone. It’s not something the companies have said.

📚 What Remains Uncertain

Dotori thinks the question of whether hopes for AI memory supply will translate into actual profits and bonuses is still an open one. Here’s a question for you: how can talk of record-high margins be reconciled with current concerns about overvaluation? 🤔 The next thing to watch is how the strike actually unfolds. And when the details of the bonus system emerge, let’s see whether expectations or concerns carry more weight.

📰 Reference News (4)

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Micron vs. Sandisk: Which Is the Better AI Memory Stock to Own for the Next 3 Years - Yahoo Finance

Yahoo Finance · 2026.10.24

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📺 Reference Videos (1)

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YouTube

Another DRAM Supply Crisis on the Way? Samsung and SK Hynix in Focus as Micron Announces Strike Plans

▶서울경제TV·2026.10.23