Micron, Samsung, and SK hynix are earning record profits from high DRAM prices driven by a global memory shortage and AI demand. However, China's CXMT is rapidly expanding its DRAM manufacturing capacity by 83% from 2025 to 2028 and advancing technology despite U.S. equipment restrictions. This growth threatens to reduce scarcity-driven pricing power, potentially disrupting the current market dominance of these established firms. Investors should watch CXMT's rise as it could reshape the competitive landscape and end the current profit boom for DRAM giants.
Micron Technology trades at USD 926.71 with a 1-day gain of 1.38% on Pluang as of Oct 16, 2026 02:41 WIB. SK Hynix is priced at USD 146.19, down 0.92% in the same period. These DRAM leaders hold strong market caps of $1.03T and $771.50B respectively, showing investor confidence despite emerging competition from China’s CXMT.
Micron Technology's stock is rated hold with a 12-month price target of $1,059.58, implying about 7.9% upside from its current price of $982.14. Despite Wall Street analysts' more bullish consensus target of $1,555.13, the cautious outlook reflects c...
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