$MU

Summary

HBM delay is positive for Micron because DDR margins are higher than HBM margins.

Reasoning

regular DDR margins are higher than HBM margins, so the delay benefits profitability

@Klaytonlolus Where did we say bearish MU? The note on their HBM delay literally said it was good because regular DDR margins are higher than HBM. But you wouldn't know that because you didn't actually read our note.

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