Description
When memory becomes extremely profitable, manufacturers have a huge incentive to increase production.
But there’s a catch: building capacity takes time. Companies commit billions during periods of strong demand — but by the time that new supply arrives, market conditions can look completely different.
Micron has experienced this cycle before. In Q3 2023, the company reported approximately $3.75 billion in revenue and a $1.9 billion net loss.
So the real question isn’t simply whether Micron is profitable today…
Are its earnings becoming more resilient?
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