Micron -- Low-Power Memory -- Low-Power DRAM -- LPDRAM -- March 4, 2026

Locator: 50138DRAM.

See this post from September 30, 2025. Link here. Simply amazing.

Micron

Up $21 today -- maybe more -- news coming out of South Korea. Wow. 

I have absolutely no idea what's going on. Ever since the war started I quit reading / watching the news / CNBC / etc., with some exceptions, including checking the Micron ticker. 

From Market Watch, last updated March 3, 2026, but which I only came across late this afternoon:

“Major selling in Asia in these sectors centered on memory winners like Samsung & Hynix is something to watch as to the impact on U.S. names that are very well-owned,” Mizuho trading-desk analyst Jordan Klein wrote in a note to clients on Tuesday.

But he thought the extreme daily declines for Samsung and SK Hynix shares reflected more that South Korean stocks had become “massively overbought.” In other words, the move wasn’t “a new negative indicator on fundamentals.”

Micron said Tuesday it made progress with a form of low-power server memory as it recently started shipping samples of what it calls “the industry’s highest-capacity LPDRAM module.”

“This milestone represents a transformational step forward for AI data centers, delivering low-power memory capacity that can unlock new system architectures,” the company said in a statement.

Wow, the things one just happens to stumble across. I think there's a "lesson" or a "message" here but I won't talk about that now. It should be obvious. 

Regardless, there may be a reason for some giddiness for those holding Micron. If this is accurate it could be quite a story:

Micron said Tuesday it made progress with a form of low-power server memory as it recently started shipping samples of what it calls “the industry’s highest-capacity LPDRAM module.”

“This milestone represents a transformational step forward for AI data centers, delivering low-power memory capacity that can unlock new system architectures,” the company said in a statement.

One-day and five-day tickers:

Now this story from earlier today: link here. I'm too tired to go through this now -- highly recommend that you go to the link if you are at all interested in Micron.

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Disclaimer 
Briefly

Briefly: 

I am inappropriately exuberant about the Bakken and I am often well out front of my headlights. I am often appropriately accused of hyperbole when it comes to the Bakken.

I am inappropriately exuberant about the US economy and the US market.

I am also inappropriately exuberant about all things Apple. 

See disclaimer. This is not an investment site. 

Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything.

If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 

Reminder: I am inappropriately exuberant about the Bakken, US economy, and the US market.

I am also inappropriately exuberant about all things Apple. 

And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia. Nvidia is a metonym for AI and/or the sixth industrial revolution.

I am also inappropriately exuberant about all things Broadcom.

Longer version here.   

Five New Slawson Permits; Seven Permits Renewed -- March 4, 2026

Locator: 50137B.

WTI: $75.93. Up 1.7% today; up $1.27 today. 

Active rigs: 25.

Five new permits, #42744 - #42748, inclusive:

• Operator: Slawson
• Field: Kittleson Slough, Mountrail County; 
• Slawson has permits for two Pegasus wells and three Warlock Federal wells, NENE 16-157-91, 
• to be sited, 300 / 500 FNL and 330 FEL.
• looking at the area, I don't find much of interest there 

Seven permits renewed:

• Petroshale (3): Horse Camp , Mandaree oil field, Dunn County;
• Hess (2): GO-Haug, Wheelock oil field; Williams County;
• Stephens Williston, DBA SEG Williston, (2); Gernand, Ross oil field, Moutrail County.

For The Archives -- March 4, 2026

Locator: 50136ARCHIVES.

I am in such a great mood today. It is amazing all the incredible news that has come out in the past twelve hours. And now, five new permits for the Bakken.

The "stuff" coming out of the Mideast is truly amazing. My two years at Air War College back in 1993 - 1995, and my fifteen years overseas, including two full years in eastern Turkey, and even a few days in northern Iraq, time with the Kurds on the ground -- all now coming back to me. 

Speaking of Turkey, Iran, attempted to attack Turkey today, but apparently allies brought down the Iranian ballistic missile. Secretary General of NATO Mark Rutte said that was unacceptable. 

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The Book Page 

These books were scattered in various places around the house. These are the books I've been reading the last six weeks. Time to get them organized.

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Apple

Today's announcements incredible. The MacBook Neo. Joanna Stern: the Apple netbook I always wanted. 

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Micron

Up $21 today -- maybe more -- news coming out of South Korea. Wow. 

I have absolutely no idea what's going on. Ever since the war started I quit reading / watching the news / CNBC / etc., with some exceptions, including checking the Micron ticker. 

From Market Watch, 

“Major selling in Asia in these sectors centered on memory winners like Samsung & Hynix is something to watch as to the impact on U.S. names that are very well-owned,” Mizuho trading-desk analyst Jordan Klein wrote in a note to clients on Tuesday.

But he thought the extreme daily declines for Samsung and SK Hynix shares reflected more that South Korean stocks had become “massively overbought.” In other words, the move wasn’t “a new negative indicator on fundamentals.”

Micron said Tuesday it made progress with a form of low-power server memory as it recently started shipping samples of what it calls “the industry’s highest-capacity LPDRAM module.”

“This milestone represents a transformational step forward for AI data centers, delivering low-power memory capacity that can unlock new system architectures,” the company said in a statement.

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AVGO

The backlog of orders. 

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SCOTUS and Immigration

A unanimous ruling coming out of the US Supreme Court today. I think it's a big deal. Waiting to see how the mainstream media frames it. First blush: the robed men and women got it right. But, wow, unanimous. 

Unless I'm missing something, the court knows that the judicial system can't adjudicate four million + cases and appeals, coming out of 13 lower courts. There are 13 federal appellate courts, known as the United States Courts of Appeals, which act as the intermediate level of the federal judiciary. They consist of 12 regional circuit courts and one specialized Court of Appeals for the Federal Circuit.

Finally -- Boots On The Ground -- March 4, 2026

Locator: 50135KURDS.

Updates

Later, 6:51 p.m. CT: Kurdish fighters launch offensive in Iran. Big story. Link to The Jerusalem Post. 

Original Post 

I posted this early this morning about 7:30 a.m., March 4, 2026.

This is now being reported -- 3:42 p.m., March 4, 2026.

 

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Kurdistan
Various Maps Over The Years

From My Air War College Days
1993 - 1995 

 

 

AVGO -- Earnings -- March 4, 2026

Locator: 50134AVGO.

Earnings must be out.

AVGO is down almost $6.00. 

Beat estimates but not by much.  

 

Finally -- Amazing -- It's As If Trump Wrote The Script -- March 4, 2026

Locator: 50133EPICFURY.

 

It certainly global politics may be very changed six months from now. 

HEB -- One Day Closer -- March 4, 2026

Locator: 50132HEB.

Link here. 

Two That I Enjoy Following -- March 4, 2026

Locator: 50131NVDA.

Someone over on x asked how much it would cost to buy a million shares. $183 million. Or thereabouts. Certainly less than $200 million. This is not rocket science.

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Two I Enjoy Following 

Apple Introduces The "MacBook Neo" -- Less Expensive Than A Comparable Chromebook -- And It's An Apple -- March 4, 2026

Locator: 50130APPLE.

Tag: Chrome Book Neo MacBook  

Link here. 

Link here.

MacRumors. 

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"Older Models" Plunging In Price

Is it time to get a new 15-inch for use at home, while keeping my old 13-inch, 8GB, M1, with 256GB of storage? I've only used 106GB or storage; still with 245GB left.

Determining the best "price point" for all of these computers is a fascinating exercise. Apple needs to keep them expensive enough so they don't cannibalize the new models, but at the same time, not so expensive that folks won't buy them. My hunch their (Apple's) data and the use of AI gets the price point just about right.

Arizona-Based SpektreWorks Has Joined The Fight -- Wednesday, Martch 4, 2026

Locator: 50129LUCAS.

Tag: drones suicide brilliant  

Read the Reuters story and compare my post (free, no password, no subscription, no e-mail address needed) -- same story.  

LUCAS: a US-produced, reverse-engineered version of Iran's Shahed-136 developed by Arizona-based SpektreWorks. 

Any chance US AI played a role? LOL.  

Another Large Data Center -- Nebius, Saturn Cloud -- Nvidia -- March 4, 2026

Locator: 50128LDCs.

Saturn Cloud:

• website;
• more:

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Nebius LDC
Independence, MO

The only data point investors need to know: 1GW currently costs $10 billion.  

Large data centers are tracked here. 

Data Center Map, link here, March 3, 2026: the map is interactive; 4,036 LDCs in the US. 

 Nebius:

• approved / announced March 4, 2026
• Nebius Group
• massive, 400-acre AI data center
• Independence, Missouri
• the company's first gigawatt-scale AI factory in the US; set to become the company's flagship facility
• near US Highway 24 and Little Blue Parkway
• 4 - 10 buildings
• will revive and expand the Blue Valley Power Plant, which was closed in 2020 -- I guess that means more jobs, huh?
• 1,200 construction jobs and approx 130 permanent, high-tech roles; $650 million to local community in taxes over 20 years -- sounds like more jobs, huh?
• construction to begin in 2026; launching in 2028 

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LDCs In Missouri 

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Comparison

We're going to need more copper, more fiber.

Renewables -- Just In -- The Day The Music Died -- March 4, 2026

Locator: 50127RENEWABLES.
Locator: 50127CLIMATECHANGE.

Link here. 

Another doofus.

The day the music died.  

 

Chart Of The Day -- Probably Nothing To Worry About -- And Then Just Like That, The US Becomes Provider Of Last Resort -- March 4, 2026

Locator: 50126SAUDI.

Link here. 

Democratic spokesperson says US no longer #1 power in the world. Okay.

It will be interesting to see US oil exports over the next few months. Link here.

On another note: this is likely the first time QatarEnergy has ever declared force majeure on LNG shipments. Apparently it was one drone. One drone. One.

Well, gee whiz. I assume the US is still shipping LNG out of Texas, Louisiana even though the US is no longer considered the #1 power in the world according to Democrat spokesperson. What a doofus.
 

Reminiscing -- RAF Lakeheath -- March 4, 2026

Locator: 50125USAF.

We were assigned to the 48th Fighter Wing, 1986 - 1989, primary a/c, the F-111D. Right seat: WSO (weapons system operator).

Now, from wiki and Google Gemini (information from those sources are somewhat confusing and not necessarily accurate and/or current. 

The 48th Fighter Wing (48 FW) is part of the United States Air Force's Third Air Force, assigned to Headquarters Air Command Europe and United States Air Forces in Europe. 

It is based at RAF Lakenheath, England, near Cambridge, northeast of London. 

The 48 FW is the only McDonnell Douglas F-15 Eagle wing based in Europe which hosts two F-15E Strike Eagle squadrons. [F-15 Eagle and F-15E Strike Eagle designations used interchangeably.]

The wing also hosts two Lockheed Martin F-35 Lightning II squadrons. The 48 FW was given the name "Statue of Liberty Wing" on 4 July 1954 and remains the only U.S. Air Force unit with both a name and a numerical designation. 

48th Operations Group

• four squadrons of F-35A & F-15E a/c
• squadrons: 492nd, 493rd, 494th, and 495th --
• 492nd and 494th: F-15E Strike Eagle, not the newer F-15EX Eagle II. 
• specifically, the 492nd ("Madhatters/Bowlers") and 494th ("Panthers") Fighter Squadrons fly upgraded F-15E Strike Eagles;
• these are the only permanently forward-deployed F-15Es in Europe. 
• F-15E Strike Eagles, some airframes feature the advanced Eagle Passive/Active Warning and Survivability System (EPAWSS).
• 493rd ("Grim Reapers") and 495th ("Valkyries")
• are the premier USAF fighter units operating the F-35A Lightning II
• 5th generation capabilities
• the 493rd transitioned from F-15Cs to F-35A; prior to the F-15Cs, the unit operated F-111s, as did all RAF units in the 1980s 
• the 495th was the first overseas F-35A unit (2021)
• F-15C/D retirement: the older F-15C/D Eagle models have been removed from service at RAF Lakenheath and returned to the United States.
• transition: the F-15Es at Lakenheath are being replaced by F-35A Lightning II aircraft 
• with the 492nd and 494th squadrons transitioned in 2021, well ahead of the earlier proposed date of 2027-2028 (transitioned from the legacy F-15 C/D models
• planned 54 F-35As (about 14 a/c per squadron)
• this is a little confusing but Google Gemini says the first F-35As arrived 
• December 15, 2021, 495th FS 
• when I was there the 495th was the training unit; the other three squadrons, operational 
• April, 2022, 493rd FS
• operational: as of 2026 

Broadcom: Reports Earnings After The Market Closes Today -- March 4, 2026

Locator: 50124AVGO.

Early morning trading:

The numbers will be staggering.

That doesn't mean the stock price will reflect those numbers.  

Current price target: 

• March 4, 2026, pre-market: $317
• price target by one analyst: lowered to $340 (from $375)

Link here to Yahoo!Finance from The Street. 

Some data points:

• price target: $340
• AVGO has gained almost 60% in the past year
• compare with SPDR S&P 500: up 15% in same period
• has outpaced the S&P 500 but has also outpaced all but one of the Magnificent 7 
• Google Gemini failed to answer the question correctly
• the only Mag 7 company that beat AVGO: GOOG, which is up 80%.
• the others:
• NVDA: up 46%
• TSLA: up 38%
• AAPL: up 9%
• MSFT: flat
• AMZN: up 2%
• META: DOWN 2%
• the stocks being the biggest winners are thanks to their partnership with Broadcom
• Broadcom helped Google build its TPUs
• outlook for 1Q26, AVGO:
• revenue: $19.1 billion
• adjusted EBITDA: 67% of projected revenue
• non-GAAP EPS: $2.00
• Anthropic's planned procurement of up to 1 million TPUs resulted in $21 billion rack orders for Broadcom

Link here to Motley Fool.

• share price should soar this year;
• 1Q26 revenue prediction: $19.1 billion; 28% y/y;
• backlog at end of 2025: $162 billion (which includes $73 billion for its AI chips)
• guidance: 2026 revenue estimate of almost $100 billion, 53% increase y/y
• Broadcom's 12-month median price target: $458; 43% jump from current price

Link here to Benzinga.

• "record revenue but stock is looking "on the ropes."
• EPS projected: $1.88 up from $1.60

Dividend: raised its dividend last quarter; no raise in dividend expected today.

Day 5 -- Wednesday -- March 4, 2026

Locator: 50123B.

Maersk: stops all shipping through the Strait. Iran continues to make friends with all its neighbors.

 

Submarine power: when was the last time it was reported that a US sub sunk a Iranian ship? I wonder if Newsom will complain about that? 

Air power: no longer "superiority, but rather dominance." Important distinction.

Intelligence: no longer "superiority, but rather dominance." Important distinction.

Funeral postponed. 

Coalition: chaos is self-organizing. One of the first things I learned in college. Link here. 

Chatbot: USAF A-10 Warthogs drones new lease on life. Turkey shoot. This is simply awesome. Idaho Air National Guard.

Saudi food: Saudi imports 80% of its food requirements; 40% of those imports come through the Strait. 

IRGC: says it will destroy military and economic infrastructure in the region. If Saudi, et al, and the Brits and the Spanish "sit this one out" .....  

So, NATO member Turkey has been targeted by Iran, and the Brits and the Spanish have said they do not want to support their NATO member.  

Blackout: Tehran's longest blackout has now stretched to 100 hours. [4.2 days -- that's about how long the war has gone on so far.] This is continuous: includes internet and electronic communications shutdown, so it's not just hours after dark.

Airpower: after the Brits and the Spaniards refused to help their US ally, USAF pilots who couldn't do what was possible, were forced to do the impossible. Elon Musk wants to fly humans on a four-month-one-way trip to Mars. The USAF flies humans on a 36-hour-round-trip-around-the-world bombing mission.

Ecuador: 

• NYT: link here. 

Focus on dividends:

• SRE: raised dividend; I believe that was previously posted:
• CSX: huge raise in quarterly dividend; 20%? I need to re-check.

Is it just me or does it seem we're near a tipping point here? In a good way.

Trump's opposition, on almost any subject:

• really ignorant (memo to self: look up difference between "ignorant" and "stupid"), or simply,
• really political? 
• the tipping point for me -- when someone suggested "the US is no longer the #1 world power.
• he (and, yes, it was a he) obviously has no clue; 
• the second tipping point for me -- the NYT obituary, Ali Khamenie
• the avuncular leader with a warm smile
• I'll have to go back and see the NYT obituary on a guy named Adolf
• one wonders if Trump's political adversaries would accept Cuba with nuclear arsenal; ballistic missiles, drones, and a Cuban navy? That's what Israel was obviously facing, and now we see that Iran is willing to take on the entire Mideast; imagine taking on nuclear-armed Iran?  

Operation EPIC FURY: tracked here. 

Tehran: Achilles heel -- water -- chatbot -- Tehran water crisis.

• this will likely be humanitarian crisis
• very possible military operation will turn into humanitarian crisis

Markets:

• oil: ho-hum
• does anyone in the US really get the feeling oil is a big issue?
• natural gas: this is the real issue 
• US equity market: ho-hum
• Broadcom: to report earnings today
• stand-alone post pending 

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Back to the Bakken

Remember all that concern about the aging shale fields becoming more gassy? See RBN Energy below. 

WTI: flat overnight.

New wells reporting:

• Thursday, March 5, 2026: 7 for the month, 113 for the quarter, 113 for the year,
• None.
• Wednesday, March 4, 2026: 7 for the month, 113 for the quarter, 113 for the year,
• 41601, conf, BR, Sivertson 6D, 
• 41373, conf, Hess, EN-Hanson A-LW-155-94-0618H-1, 

RBN Energy: short-term priorities emerge as global demand for natural gas heats up. Link here. Archived.

The world is hungry for more natural gas. The newly reintroduced Current Policies Scenario from the International Energy Agency (IEA) sees global demand rising from today’s 400 Bcf/d to about 475 Bcf/d by 2050, roughly in line with other notable forecasts from the likes of BP and ExxonMobil. 

[75 Bcf/d divided by 20 years = less than 4 Bcf/day increase. That seems incredibly low, considering the "fourth industrial revolution.] 

OPEC is even more bullish, predicting demand will reach 540 Bcf/d by midcentury. Any way you slice it, that’s a lot of natural gas. So, where will it come from and what are the biggest issues facing the market? Those are among the major questions addressed at RBN’s recent GasCon 2026 conference and the focus of today’s RBN blog. 

Warning: Today’s blog includes some blatant plugs for a newly available replay of our event in Houston.

As we did at the conference, let’s start with a little background about where things stand today. 

Global natural gas production in 2024 was a little more than 400 Bcf/d, with the U.S. (green layer in left graph in Figure 1 below) accounting for about 110 Bcf/d, or more than one-quarter of total supplies. Canada’s 20 Bcf/d (red layer) put total North American production at about 130 Bcf/d. 

After the U.S., Russia (pink layer) is the next-biggest producer, with the rest supplied by Australia (yellow layer), Qatar (light-orange layer), and several other smaller producers within Other OCED (light-purple layer), Other OPEC (dark-orange layer) and others (blue layer). 

But these numbers don’t tell the whole story because some countries — notably the U.S., Russia, Qatar and Australia — produce substantially more gas than they consume. In 2024, U.S. demand for natural gas was 91 Bcf/d (orange bar section at left side of right graph), leaving 13 Bcf/d available for export (blue bar section), primarily as LNG.