The Worst Business in Tech Just Printed an 80% Margin

What Couch Investor said in this video:

• Other●neutrallong-termThe host says AI demand broke the old memory cycle because AI chips require high-bandwidth memory that is hard to make and new factories take years.Source
• Other●neutrallong-termThe host uses multi-year deals covering more than half of 2027 and 2028 capacity to argue that demand is locked in and supply is scarce, explaining the high margin.Source
• Other●neutrallong-termThe host relays the company's expectation that demand will outrun supply through 2030 as support for the locked-demand, scarce-supply view.Source
• Other●neutrallong-termThe host characterizes the current memory market as locked demand and scarce supply, using that to explain the unusually high operating margin.Source
• Other●neutrallong-termThe host attributes the Korean memory maker's 80% operating margin to locked demand and scarce supply rather than a one-off cycle peak; multi-year deals cover more than half of 2027 and 2028 capacity.Source
• MU●neutrallong-termThe host says MU is following the same contract-locking playbook as the Korean memory maker, citing an 80.7% operating margin and committed fiscal 2027 shipments as support.Source
• MU●neutrallong-termThe host cites MU's 80.7% operating margin and its operating chief's statement that over 75% of fiscal 2027 shipments are committed as support for the same playbook.Source
• Other●neutralThe host only raises the possibility that supply could eventually catch up, without giving a price direction or clear timeframe.Source