Lam Research: Huge HBM Demand Due To Massive AI Infrastructure Buildout
Lam Research is poised to benefit significantly from the AI infrastructure boom, driven by increasing demand for high-bandwidth memory and advanced logic chips. The company holds dominant market shares in essential semiconductor manufacturing processes: etch (35%), deposition (29%), and cleaning (25%). LRCX's revenue could grow at a CAGR of 15–20% through 2026, supported by booming HBM demand and complex advanced logic manufacturing.
Micron's Low Price Is A Gift
Micron's data center revenue should grow 91% and 38% in FY2025 and FY2026, driven by cloud server DRAM and HBM. The market is not assigning a strong multiple to Micron's largest, most profitable and fastest-growing segment, with HBM3E contributing significantly, and future growth expected from HBM4. Micron should gain from an extremely strong AI market as evidenced by huge CAPEX from hyperscalers, Nvidia's Blackwell growth and Taiwan Semiconductors's forecasts.
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Samsung: Now In Deep Value Territory
Samsung Electronics faced significant challenges in 2024, including poor execution in the HBM market, increased DRAM competition, and political turmoil in Korea. Despite these issues, Samsung's valuation has reached deep value territory, presenting a buying opportunity for a high-quality business with $66 billion in net cash. Management's rare apology and Jensen Huang's support indicate potential for recovery, especially if Samsung secures HBM supply to Nvidia.
Micron's Growth Is Limited By Sold Out HBM (Rating Downgrade)
Micron's Q1'25 earnings met estimates, but Q2'25 guidance fell short, leading to a -16% after-hours selloff; revenue guidance is $1B below consensus estimates. Capital investments are forecast to grow by 70% for FY25 driven by expanding DRAM & HBM capacity and new facility builds. Despite strong data center performance, the consumer market may not recovery as anticipated as a result of limited consumer discretionary spending.
Micron: Why I Am Aggressively Buying The Drop
Micron Technology reported better than expected fiscal Q1 '25 earnings, but issued weak Q2 '25 guidance, causing a 16% share drop in extended trading. Despite the guidance, Micron's HBM3E memory solutions are driving results, with DRAM revenue growing 87% Y/Y. Micron's valuation draw-down presents an attractive investment opportunity, especially given the expected HBM shipment ramp into FY 2026.
Micron Is On A Mission To Penetrate The HBM Market - Buy It
The semiconductor memory market is undergoing significant changes, with High-Bandwidth Memory (HBM) projected for substantial growth, driven by AI applications. Micron is strategically positioned to capture market share in the HBM market, with plans to increase capital investments and expand production. Micron's forward earnings are undervalued at ~12x 2025 earnings, with potential for at least ~32% upside, assuming strong demand and margin improvements.
HBM Demand Is Surging Past Supply: Why Micron Is The Biggest Beneficiary
High-bandwidth memory (HBM) demand is skyrocketing, projected to grow from $4B in 2023 to over $25B by 2025, positioning Micron as a critical AI enabler. FY2024 revenue rose 62% YoY, driven by AI-driven demand, with expanding margins and sold-out HBM production through 2025. Reduced industry capacity and AI-driven demand are stabilizing a traditionally cyclical market, creating sustainable growth opportunities.
Hudbay Minerals Inc. (HBM) Q3 2024 Earnings Call Transcript
Hudbay Minerals Inc. (NYSE:HBM ) Q3 2024 Results Conference Call November 13, 2024 11:00 AM ET Company Participants Candace Brule - Vice President Investor Relations Peter Kukielski - President & Chief Executive Officer Eugene Lei - Chief Financial Officer Andre Lauzon - Chief Operating Officer Conference Call Participants Orest Wowkodaw - Scotiabank Ralph Profiti - Eight Capital John Tumazos - John Tumazos Very Independent Research Dalton Baretto - Canaccord Genuity Craig Hutchison - TD Cowen Pierre Vaillancourt - Haywood Securities Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Hudbay Minerals Inc. Third Quarter 2024 Results Conference Call.
HudBay Minerals (HBM) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for HudBay Minerals (HBM) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
HudBay Minerals (HBM) Q3 Earnings and Revenues Surpass Estimates
HudBay Minerals (HBM) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.07 per share a year ago.
Unlocking Q3 Potential of HudBay Minerals (HBM): Exploring Wall Street Estimates for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for HudBay Minerals (HBM), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
