Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Deep Fundamental Analysis

A Stellar Quarter Sees Micron Fix Cyclicality; Could That Hurt The Stock?

Memory's TurboQuant Panic Misses Where Demand Actually Sits

TurboQuant Was an Excuse; The Memory Cycle Was Already Splitting.

The Memory Wall Breaker: Micron’s ‘Sold Out’ 2026 HBM Supply and the Case for JUN26 Options

Micron's Monster Quarter Triggers Santa Claus Rally For Beleaguered AI Names

[2026 High Conviction] SK Hynix Technology Moat: Leveraging HBM4, MR-MUF for the FEB26 Call Strategy

Kioxia’s AI Rebirth: CBA Technology and the Nikkei 225 Question

AI | Semiconductors | Commodities, Mint Finance

Raghav Vashisht

AI | Semiconductors | Commodities

Equity Bottom-Up

<ul>
<li>Micron enters its FQ2’26 print with margins set to jump 11ppt QoQ to 68%, driven by a supply-constrained memory market and accelerating HBM-led mix shift.</li>
<li>HBM4 is locked in; progress on 4E would be interesting. Tightness has extended beyond HBM into DRAM and NAND, turning Micron into a pricing and mix-driven play.</li>
<li>ASP trajectory, capex intensity, and early 2027 commitments will determine whether this remains an upward revision cycle or approaches peak pricing.</li>
</ul>


Micron enters its FQ2’26 print with margins set to jump 11ppt QoQ to 68%, driven by a supply-constrained memory market and accelerating HBM-led mix shift.
HBM4 is locked in; progress on 4E would be interesting. Tightness has extended beyond HBM into DRAM and NAND, turning Micron into a pricing and mix-driven play.
ASP trajectory, capex intensity, and early 2027 commitments will determine whether this remains an upward revision cycle or approaches peak pricing.


Micron Pre-Earnings: Pricing, HBM, and the Question of Peak Margins

Micron Technology

Micron Pre-Earnings: Pricing, HBM, and the Question of Peak Margins