More memory CapEx may yield proportionally fewer bits as HBM consumes more wafer capacity, supporting SK hynix and Samsung's pricing. Both reported double-digit quarterly DRAM and NAND price gains; Samsung targets 60-70% of mid- to long-term capacity under LTAs. SK hynix has the stronger execution record, but Samsung could benefit enormously from conventional memory without winning HBM4. If trends persist, normalized margins could rise, though memory remains cyclical. x.com 

Samsung Electronics' HBM4 pricing looks set to lead the memory Big Three, helping make next year's earnings phenomenal. Samsung memory EVP Jaejune Kim said next year's HBM supply is sold out at target prices, with more customer requests coming. Korean media had reported quotes in the mid-to-high $4/Gb range; Nvidia appears to have accepted Samsung's asking price. Samsung-equipped Rubin variants should sell as separate premium-priced SKUs against SK hynix or Micron versions. x.com 

Memory makers' long-term agreements cannot protect pricing when buyers regain leverage. The market underestimates downside even before a price collapse; SK hynix's agreements price within market-linked ranges, per @jukan05. The agreements will be ripped apart when the market turns to buyers, at the latest when China ramps. SK hynix, Samsung, Micron, SanDisk and Kioxia are exposed. x.com 

Samsung's HBM4 ramp makes SK hynix's ability to defend its HBM lead the key question in the memory race. Chosun Biz reports SK hynix's HBM4 shipments may have missed expectations for a second straight quarter amid Nvidia Rubin delays and chip tuning. Counterpoint puts Samsung's Q2 HBM share at 33%, up from 21%; TrendForce expects strong SK hynix Q3 profits. Samsung is the preferred memory stock right now, though there may be no single clear winner. SK hynix's October 28 report is the next check. … Show more

SK hynix's surging earnings challenge the idea that commodity memory profits are about to vanish. The attached report says third-quarter operating profit rose more than sevenfold and its operating margin reached 80%; analysts quoted there expect the earnings climb to continue at least through next year. Micron and Samsung are named alongside SK hynix. x.com 

Nvidia's proposed common NVHBM base die would make Micron, SK hynix and Samsung more interchangeable, weakening their pricing power. Seoul Economic Daily reports Nvidia wants all three to fabricate it at TSMC; Samsung reportedly agreed. Standardization would ease validation and order shifts. The risk lessens if SK hynix or Micron retain their own logic or NVHBM stays a small share of Nvidia's purchases. x.com 

SK hynix's sold-out memory capacity bodes well for Micron because it sells into the same shortage. SK hynix says its DRAM and HBM are effectively sold out through 2029; deals with 14 customers cover more than half its 2027-28 capacity, and HBM demand is twice what it can make. x.com 

Prepaid contracts and demand-paced fabs weaken a broad 2028 memory-glut case. SK hynix says over half its 2027-28 capacity is signed with deposits; 'sold out through 2029' includes negotiations. Samsung targets 60-70% contracted capacity. Micron's three projects begin output in 2H28; tooling follows demand. Reuters says CXMT's 20-30%-yield HBM3E may ship this year to export-restricted Chinese buyers, but performs like older HBM3. Commodity DRAM risks 2028-29 oversupply; NAND could ease in 2H27. … Show more

Samsung Electronics and SK hynix face a buyer backlash over memory pricing in a cyclical business. Elon Musk called Micron reasonable about future prices and other suppliers extortionate, warning customers would remember; the remarks seem aimed at Samsung and SK hynix. Micron appears to be focusing on long-term contracts. x.com  x.com  x.com 

SK hynix stands to benefit from higher HBM prices as supply remains constrained. Needham expects HBM price increases next year and tight memory supply through 2030; SK hynix has finalized 2027 HBM prices and volumes with major customers. SK hynix also plans roughly KRW100 trillion in FY2026 shareholder returns, including at least KRW30 trillion in dividends and KRW60 trillion in share acquisitions and cancellations. x.com  x.com