Bullish on Micron due to HBM capacity shift driving consumer memory price increases

I've been saying all along that storage is the most certain money in AI, and some of this money comes from people buying phones and computers. Micron itself has stated that for every 1 bit, HBM consumes nearly three times the wafer area compared to standard DRAM. As Samsung, SK Hynix, and Micron shift their production capacity toward HBM, less memory remains available for smartphones and PCs, driving prices upward. Every additional HBM chip installed on a GPU corresponds to a batch of mobile memory chips that never got produced. If you upgrade your phone next year and find that memory capacity has shrunk at the same price point, or that identical specs cost hundreds more, those gigabytes were diverted to feed data centers 🌚