00:00Micron posted earnings well above market expectations, yet its stock reacted only lukewarmly.
00:06Why?
00:07Experts pointed to two reasons.
00:101. AI expectations are already too high.
00:132. Long-term interest rates aren't coming down.
00:17The U.S. 30-year Treasury yield has climbed to 5.89%.
00:21AI companies are pouring huge sums into data centers.
00:25The worry is whether they can withstand that rate, and the stock has priced that in, analysts say.
00:30So how did Korean chip stocks fare?
00:33Micron's results were seen as good news for both Samsung Electronics and SK Hynix.
00:37But the reasons differ.
00:39SK Hynix earns high profits from HBM.
00:42Micron said AI memory demand is strong, and supply shortages could last.
00:47That reconfirms HBM earnings may keep going.
00:50Samsung Electronics has a much larger commodity DRAM and NAND production scale,
00:55so it gets a bigger boost from rising memory prices.
00:57If commodity DRAM prices keep climbing, Samsung's profits could improve faster than expected,
01:03analysts say.
