Accessible version Global Memory Tech Weekly theme: post J-curve cycle, Micron vs Samsung/Hynix, strong exports Industry Overview Moving beyond J-curve, with no hard landing We believe the memory cycle will move beyond the J-shaped phase of sequential growth as of 4Q26. This is consistent with Micron's recent results and new guidance: sales rose 31% QoQ in the Aug'26 quarter, vs 74% in the May'26 quarter, and are guided to rise only 13.5% in the Nov'26 quarter. This trend may be used for the bearish thesis ...