[UPDATE] Micron's 2026 HBM output remains reported as fully contracted as DRAM spot prices grind higher
Micron's high-bandwidth-memory capacity for 2026 continues to be described as committed under long-term hyperscaler agreements, with HBM consuming roughly three times the wafer capacity of conventional DRAM and tightening supply across DRAM and NAND. Data centre revenue now represents about 56% of sales against roughly 30% two years ago, and one publisher records a move of about 11% on Monday to a record close near $1,089. Desk context: Micron carries the strongest blended reading on the board at conviction 0.83 with 22 sessions of persistence and all three surfaces corroborating, and China capacity additions remain the identified risk to the upcycle.