HBM Stock Recent News

Micron Technology's HBM up-scaling is driving significant profit growth, with profits expected to surge 433% in 2025 and 60% in 2026. Despite disappointing 2Q25 sales guidance, Micron's robust demand for HBM from data centers positions it for long-term growth and margin expansion. Micron's stock is undervalued at 8.6x leading profits, offering a favorable risk/reward ratio with an implied intrinsic value of $165.

Micron is turning production to HBM3E 12-high chips for Nvidia's GB300 GPU in 2h25 and anticipating significant revenue growth on a per-chip basis. Q2'25 saw substantial growth in HBM and DRAM modules while NAND lagged due to customer inventory digestion. Management is taking steps to work down inventory by curtailing NAND utilization in Q3'25. This may create an uplift in free cash flow in the coming quarters.

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HudBay Minerals (HBM) closed the most recent trading day at $8.29, moving +1.72% from the previous trading session.

Micron Technology, Inc. reported a 38.3% YoY revenue increase, driven by DRAM and NAND sales growth, despite some pricing pressures and inventory adjustments. The company delivered on its guidance, but the stock price declined due to margin pressures and competitive pricing, particularly from China. Micron's Q3 guidance indicates higher sales but continued margin pressure, necessitating careful management of capacity and investments in HBM chips.

Q2 revenue rose 38% YoY, driven by 47% DRAM growth and record HBM sales exceeding $1B; Micron is now a key AI memory supplier. Q3 guidance at record $8.8B shows momentum; HBM3E ramp and full 2025 sell-out confirm structural demand strength. Margins to expand in H2 as DRAM pricing recovers and NAND stabilizes; stock offers 25–50% upside on cyclical and secular growth.

Micron's Q2'25 earnings exceeded expectations due to strong demand for memory products, particularly HBM3E, and showed solid revenue growth in DRAM and NAND segments. The memory and storage company provided a positive outlook for Q3 with projected revenues of $8.8B, reflecting strong demand for memory, driven by Data Centers. HBM-related revenue crossed the $1.0B threshold in Q2'25 and the long term outlook for the memory market benefits Micron significantly.

I reiterate a 'Strong Buy' rating on Micron with a fair value of $140 per share, driven by robust HBM growth and strategic capacity expansion. Micron reported 38.3% revenue growth and 24.9% adjusted operating income, with HBM revenue growing 50% sequentially, reaching a record high. The company is guiding for $8.8 billion in Q3 FY25 revenue, with significant investments in HBM manufacturing, forecasting 38.2% year-over-year growth for FY25.

Micron stock dropped about 40% since June 2024. It seems that Wall Street is assuming that memory cycle has already peaked. Memory Cycle hasn't peaked yet due to ramp up of High Bandwidth Memory (HBM) demand. Micron's revenue will be $3.8B from HBM this fiscal year. Which will offset the decline in NAND and traditional DRAM revenue.

Hudbay Minerals, Inc. (NYSE:HBM ) Q4 2024 Earnings Conference Call February 19, 2025 11:00 AM ET Company Participants Candace Brûlé - VP, IR Peter Kukielski - President & CEO Eugene Lei - CFO Andre Lauzon - COO Conference Call Participants Orest Wowkodaw - Scotiabank Lawson Winder - Bank of America Securities Dalton Baretto - Canaccord Genuity Anita Soni - CIBC World Markets. Farooq Hamed - Raymond James Pierre Vaillancourt - Haywood Securities Stefan Ioannou - Cormark Securities Operator Good morning, ladies and gentlemen.