$Micron Tech(MU.US) The claim that "Micron's HBM4 is a complete failure" is not factual, but rather typical FUD (Fear, Uncertainty, Doubt) smear tactics.

The allocation of HBM orders and market share is inherently dynamic, not fixed. NVIDIA has always flexibly adjusted supply volumes from each supplier based on chip quality, yield, reliability, and production capacity, a pattern seen multiple times in previous HBM cycles.

More crucially, Micron is currently the only US-based HBM supplier. Considerations of supply chain security, autonomy, controllability, and geopolitical strategy will directly impact long-term customer structure and capacity allocation. This core logic is completely ignored by many deliberately bearish voices.