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One Week of Memory Inventory Left Before Micron's Test

Published September 25, 20264 min read

Macro shot of a silicon wafer glinting with rainbow light against a blurred datacenter background — As memory inventories thin to days of supply, the physical scarcity of silicon sets the stage for Micron's earnings test. Illustration: MarketIntelLabs

The AI memory trade hit its first real speed bump this week, and the reason is as mundane as it is consequential: there is almost no memory left to sell. Distributor Smith told SDxCentral on September 24 that memory vendors are holding less than one week of inventory, the tightest position its chief trading officer has seen in 35 years, and that supply chains are not on track to rebalance until 2028. Micron reports fiscal fourth-quarter results on September 30, and that print will now price the drought.

Key Takeaways Distributor Smith warned on September 24, 2026 that memory vendors hold less than one week of inventory and that supply will not rebalance until 2028. Open-market memory parts th…

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