$1396.80
840.4% vs S&P 12m
Business overview
Leading HBM supplier with first-mover position on HBM3/3E qualified into NVIDIA accelerators, plus DRAM and NAND.
The most direct AI memory pure-play. HBM ASPs, mix, and capacity additions are the single biggest external variable on AI accelerator output.
Composite score
Higher = stronger overall research case
Fundamental80
Technical82
Valuation91
AI relevance90
Risk-adjusted (higher = safer)41
Segment-relative fundamental percentile: 100
Synthetic 1Y price action
Deterministic price series; 50d (yellow) and 200d (orange) MAs shown
3M RS: 112.2%6M RS: 205.6%12M RS: 840.4%Vol30d: 80%DD52w: -1.8%
Financial summary
Curated, illustrative
Revenue
$95.10B
Growth (YoY)
198.1%
Gross margin
68.3%
Operating margin
71.5%
FCF
$18.58B
Capex
$32.31B
Net cash / (debt)
$23.42B
ROIC
27.9%
Customer conc.
Medium
Valuation
Market cap
$991.53B
Enterprise value
$968.10B
P/E (TTM)
12.0x
Forward P/E
7.0x
EV / Sales
10.2x
EV / EBITDA
14.7x
P / FCF
53.4x
PEG
2.5x
Rule of 40
—
Risks
Severity 1 (low) to 5 (severe)
- 4Commodity DRAM cycle
- 4Samsung HBM qualification catch-up
- 4Capex absorption
Score components
What drove the composite
Growth100
Profitability100
Cash generation72
Balance sheet85
Moat / AI relevance88
Capital intensity (higher = lighter)23
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)95
Momentum (3/6/12m)80
Relative strength100
Realized vol (higher = lower vol)24
Segment peers
Other companies in Memory