Jukan
Morgan Stanley raises Kioxia target price to ¥33,000
The firm significantly raised its CY2026 ASP growth forecast for Kioxia from +75% YoY to over +100% YoY, with Q1 ASP expected to surge approximately 90% QoQ, followed by an additional 10% QoQ increase in Q2.
This suggests Kioxia has achieved a breakthrough in price negotiations with its key OEM customer, implying that Apple will have to procure NAND at significantly higher prices than previously anticipated.
Additionally, Morgan Stanley sharply upgraded Kioxia's earnings outlook. For FY2027 (ending March 2027), the revenue forecast was raised from ¥2,689.8 billion to ¥4,280.1 billion, non-GAAP operating profit more than doubled from ¥1,171.8 billion to ¥2,723.2 billion, with an adjusted operating margin of 64%. EPS is projected to jump from ¥1,550.2 to ¥3,562.9, with net income expected to reach ¥1,930.3 billion.
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Morgan Stanley raises Kioxia target price to ¥33,000
The firm significantly raised its CY2026 ASP growth forecast for Kioxia from +75% YoY to over +100% YoY, with Q1 ASP expected to surge approximately 90% QoQ, followed by an additional 10% QoQ increase in Q2.
This suggests Kioxia has achieved a breakthrough in price negotiations with its key OEM customer, implying that Apple will have to procure NAND at significantly higher prices than previously anticipated.
Additionally, Morgan Stanley sharply upgraded Kioxia's earnings outlook. For FY2027 (ending March 2027), the revenue forecast was raised from ¥2,689.8 billion to ¥4,280.1 billion, non-GAAP operating profit more than doubled from ¥1,171.8 billion to ¥2,723.2 billion, with an adjusted operating margin of 64%. EPS is projected to jump from ¥1,550.2 to ¥3,562.9, with net income expected to reach ¥1,930.3 billion.
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Illiquid
$6278 - Union Tool on PCB drill demand in Asia (ex Japan).
+33% sales y/y. +107% operating profit y/y https://t.co/kn67s06Jzt
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$6278 - Union Tool on PCB drill demand in Asia (ex Japan).
+33% sales y/y. +107% operating profit y/y https://t.co/kn67s06Jzt
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Illiquid
State of the market: Samsung flexing on Micron by posting trucks picking up HBM in undisclosed location. $mu $smsn https://t.co/znEfgyKcK3
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State of the market: Samsung flexing on Micron by posting trucks picking up HBM in undisclosed location. $mu $smsn https://t.co/znEfgyKcK3
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The Transcript
RT @TheTranscript_: $AMD CEO last week: "Today, 8 of the top 10 AI companies use Instinct to power production workloads across a growing range of use cases. With the MI350 Series, we are entering the next phase of Instinct adoption, expanding our footprint with existing partners and adding new customers."
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RT @TheTranscript_: $AMD CEO last week: "Today, 8 of the top 10 AI companies use Instinct to power production workloads across a growing range of use cases. With the MI350 Series, we are entering the next phase of Instinct adoption, expanding our footprint with existing partners and adding new customers."
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God of Prompt
RT @godofprompt: read this and stop feeling behind in AI.
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RT @godofprompt: read this and stop feeling behind in AI.
https://t.co/TJ7XYPSLka tweet
X (formerly Twitter)
Robert Youssef (@rryssf_) on X
the tool isn't the work
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Jukan
TrendForce: All three memory makers are set to enter NVIDIA’s HBM4 supply chain—Samsung is currently leading, but the other two appear close behind
According to TrendForce's latest findings, Samsung is currently projected to be the first to obtain HBM4 certification, with SK hynix and Micron expected to follow shortly thereafter, forming a three-supplier ecosystem for NVIDIA's HBM4 supply chain.
As conventional DRAM prices have surged sharply since 4Q25, narrowing HBM's historical profitability advantage, memory vendors are recalibrating capacity allocation between HBM and conventional DRAM to balance overall revenue growth with customer delivery commitments.
Under these circumstances, NVIDIA's reliance on a single supplier could hinder the ramp-up of its Rubin platform, which is why NVIDIA is expected to incorporate all three major memory suppliers into its HBM4 supply chain.
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TrendForce: All three memory makers are set to enter NVIDIA’s HBM4 supply chain—Samsung is currently leading, but the other two appear close behind
According to TrendForce's latest findings, Samsung is currently projected to be the first to obtain HBM4 certification, with SK hynix and Micron expected to follow shortly thereafter, forming a three-supplier ecosystem for NVIDIA's HBM4 supply chain.
As conventional DRAM prices have surged sharply since 4Q25, narrowing HBM's historical profitability advantage, memory vendors are recalibrating capacity allocation between HBM and conventional DRAM to balance overall revenue growth with customer delivery commitments.
Under these circumstances, NVIDIA's reliance on a single supplier could hinder the ramp-up of its Rubin platform, which is why NVIDIA is expected to incorporate all three major memory suppliers into its HBM4 supply chain.
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The Transcript
RT @TheTranscript_: $NET CEO: "With more than 20% of the web already sitting behind Cloudflare's network, we are effectively the global control plane for the agentic Internet."
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RT @TheTranscript_: $NET CEO: "With more than 20% of the web already sitting behind Cloudflare's network, we are effectively the global control plane for the agentic Internet."
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Javier Blas
RT @JenGriffinFNC: CONFIRMED USS Gerald R. Ford ordered to deploy immediately to the Middle East. The Ford and its aircraft carrier strike group arrived in the Caribbean on Nov 16 from the Med. Now it is heading back to the Mediterranean.
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RT @JenGriffinFNC: CONFIRMED USS Gerald R. Ford ordered to deploy immediately to the Middle East. The Ford and its aircraft carrier strike group arrived in the Caribbean on Nov 16 from the Med. Now it is heading back to the Mediterranean.
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The Transcript
RT @TheTranscript_: $LVMH CEO: "So revenue, just over EUR 80 billion. Let's state that it's twice what it was 10 years ago. Organic growth, slightly negative on the year, but positive in the second half...Cash flow was up 8%, even though profit itself was down" https://t.co/5FWDgChJuJ
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RT @TheTranscript_: $LVMH CEO: "So revenue, just over EUR 80 billion. Let's state that it's twice what it was 10 years ago. Organic growth, slightly negative on the year, but positive in the second half...Cash flow was up 8%, even though profit itself was down" https://t.co/5FWDgChJuJ
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