…

stay humble

[zerohedge @zerohedge]

*APPLE TO RAISE PRICES DUE TO MEMORY CHIP CRUNCH: WSJ

*COOK: NEVER SEEN COMMODITY PRICE SWING LIKE PAST 6 MONTHS: WSJ

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The US has released the full text of its 14-point "Memorandum of Understanding" with Iran.

Key terms include:

1. The US, Iran, and their allies agree to immediately and permanently end military operations on all fronts, including in Lebanon

2. The US and Iran agree to respect each other's sovereignty and territorial integrity and not interfere in each other's internal affairs

3. The US and Iran commit to negotiating and reaching a final deal within 60 days, unless mutually extended

4. The US will begin removing its naval blockade immediately and fully end the blockade within 30 days

5. Iran will use its best efforts to ensure safe passage for commercial vessels through the Strait of Hormuz for 60 days with no charge

6. The US and regional partners will develop a mutually agreed plan of at least $300 billion for Iran's reconstruction and economic development

7. The US will work toward terminating all types of sanctions against Iran, including UN, IAEA, primary, and secondary sanctions

8. Iran reaffirms that it will not procure or develop nuclear weapons and agrees to address its enriched material stockpile under IAEA supervision

9. Until a final deal is reached, Iran will maintain the current status quo of its nuclear program, while the US will impose no new sanctions and deploy no additional forces

10. The US Treasury will issue waivers for Iranian crude oil, petroleum products, derivatives, and associated banking, insurance, and transportation services

11. The US will make frozen or restricted Iranian funds and assets fully available for use

12. The US and Iran will establish an executive mechanism to monitor implementation of the MOU and future compliance with the final deal

13. After signing the MOU and implementing key ceasefire, blockade, shipping, oil waiver, and asset-release provisions, the US and Iran will begin final deal negotiations

14. The final deal will be endorsed by a binding UN Security Council resolution

The memorandum will trigger a 60-day window to negotiate a final deal.

[TONY™ @TONYxTWO]

President Trump just secured a peace deal on his 80th birthday

What a historic day 🇺🇸

[… @maglevz]

@Liathetrader lmfaoooooo.

[… @maglevz]

@smarter411 wow who waste time doing ddos. dirtbags

[Bilaal- BD investing @bdinvestingg]

Jensen Huang just gave one of the most bullish signals yet for the memory industry $MU $DRAM

$NVDA released 4 new products and at NVIDIA’s Korea event, he repeatedly emphasized one thing: more memory.

• Vera Rubin supercomputers need massive amounts of HBM
• Vera CPUs require more LPDDR5 memory
• RTX Spark AI PCs need more LPDDR5 memory
• NVIDIA’s new robotics and autonomous driving platforms are being built alongside partners including Samsung, SK hynix, and LG

A massive demand for memory is coming.

[Reuters Business @ReutersBiz]

WATCH: Donald Trump told reporters that his team might buy US stakes in artificial-intelligence companies and said he would host a meeting with AI executives as soon as next week https://t.co/leXlONTLFZ

[… @maglevz]

Bullish af 😂

[Wall St Engine @wallstengine]

$AVGO -13% AH

$NVDA CEO Jensen Huang:

[Consensus Media @ConsensusGurus]

Will SoftBank ever sell any $ARM shares

[Sean @sean_________]

GS on memory ( $MU / $SNDK ):
"The key demand driver of both the 2017-2018 upcycle and the current upcycle is strong server demand. While the 2017-2018 upcycle was driven by cloud data center expansion, the current cycle is driven by massive AI server build out...memory demand is now closely tied to server demand where server segment comprises around 50% of DRAM demand and ~40% of NAND demand."
"given the long lead time (takes at least ~3 years to construct a fab and produce output), we expect conventional DRAM capacity addition pace by 2030 to be slower than the 2017-2018 upcycle."
"Based on our checks, LTAs are being discussed to include sizable prepayments and meaningful penalty clauses for non-compliance which could guarantee stronger binding power. Pricing is being discussed within a pre-determined range with a floor price that guarantees a high margin level on a sustainable basis."
Expect supply shortage to persist at least until 2028 and next year to be tighter than this year
"We now expect 2026E/2027E/2028E DRAM S/D to be in a larger undersupply of 5.0%/5.9%/3.9% (vs. prior expectations of 4.9%/2.5% undersupply in 2026E/2027E)"
"We now expect 2026E/2027E global DRAM demand to grow 28%/20% yoy (vs. +25%/+17% yoy previously), and introduce 2028E estimate of +19% yoy growth."
"We now expect 2026E/2027E/2028E NAND S/D to be in a larger undersupply of 4.4%/4.6%/3.0% (vs. prior expectations of 4.2%/2.1% undersupply in 2026E/2027E)"
"We now expect 2026E/2027E global NAND demand to grow 23%/20% yoy (vs. +22%/+15% yoy previously), and introduce our 2028E estimate of +19% yoy growth."
HBM: Expect a tighter 2027 S/D, and a significant ASP increase to lead to a +100%+ growth in TAM to US$116bn
We now expect 2026E/2027E/2028E HBM S/D to be in a larger undersupply of 5.4%/6.0%/4.3% (vs. prior expectations of 5.1%/4.0% undersupply in 2026E/2027E)
Significantly raise HBM ASP forecast as we expect a catch-up to conventional DRAM
Raise 2026E/2027E/2028E HBM TAM to US$56bn/US$116bn/US$168bn

[Sean @sean_________]

UBS on $MU:
Our supply chain work on Long Term Agreements (LTAs) across the memory industry suggests that up to 30% of DDR volumes industry-wide will be soon locked in at pricing that is just slightly below current levels
we now expect the DRAM industry to remain undersupplied until at least C2Q28 (vs. 4Q27 prior), and NAND undersupply to last until 4Q27 (was 3Q27).
At this point, we believe hyperscalers alone to have currently secured ~60-70% of the industry Server DDR5 volumes under 'enhanced' LTAs - in other words, guaranteeing MU and others offtake for this volum
Even more important, this scenario yields MU EPS of >$100 even out in C2029E when we do believe DRAM pricing will undergo a fairly significant correction. In other words, we think MU still earns >$100 even if pricing for the floating portion of DDR declines by ~50%.

[… @maglevz]

@D3GSolutions @smartertrader Only low iq ppl complain and lose money in Sam’s room.

[… @maglevz]

@0xReflection Another idiot using a chart to claim we’re in a bubble 😂😂

[… @maglevz]

@ConsensusGurus 😂😂😂😂

[… @maglevz]

@TheStoicCapital 😂😂😂

[Dan Nystedt @dnystedt]

TSMC plans to hike 3nm prices as much as 15% in the 2nd half 2026 due to surging demand for AI accelerators, media report, adding additional hikes of 5%-10% may follow in 2027. The report cites unnamed supply chain sources. $TSM $NVDA $AVGO $GOOGL $AMZN #semiconductors https://t.co/I7gw5Cslno

[TrendSpider @TrendSpider]

🚨 Micron has officially joined the $1T club, delivering one of the fastest $100B → $1T valuation runs the market has ever seen.

Nvidia did it in 4 years. $NVDA
Micron did it in 1... $MU

[Dr Vinnie Boombatz @halfblindmonkey]

UBS raising $MU pt to... $1,625

[Kaushik @WisemanCap]

$MU at JPM

Presentation at JPM Conference in Boston.

"Demand continues to grow for the foreseeable future".
"Cost is a religion for us".
"Our balance sheet has never been stronger".
"Demand continues to outpace our ability and the industry's ability to supply due to persistent structural factors".
"We focus on meeting customer demand".
"We're just really focused on being able to provide a higher quality product"
"We continue to move our portfolio toward higher quality product"
"SCAs (Strategic Customer Agreements) enable us to improve our planning."
“Our financial outlook has strengthened since our last earnings call.
"We're on track for another substantial record free cash flow in fiscal Q3.“