Analyzing the Earnings Report with Key Questions | _2024111120230_ | What are the key takeaways from this earnings report? 1️⃣ Will management further quantify HBM order visibility? For example, the target range for 2026 shipment volume and revenue share? Will analysts press them on the specific progress of the NVDA platform during Q&A, thus signaling a "let orders speak for themselves" approach? 2️⃣ Has there been a significant change in HBM yield? When will HBM4 enter mass production? 3️⃣ Next quarter's guidance is more important than this quarter's results! What will management say about next quarter's revenue/GM/supply tightness? 4️⃣ Where did capital expenditure/CapEx go? Can it be converted into revenue? How long will this high-intensity investment continue? 5️⃣ Will HBM continue to sell-out? If Micron confirms that 2027 HBM orders are starting to lock in, the market will repric the memory sector. 6️⃣ What is the fundamental situation of DRAM/NAND? 7️⃣ Does HBM play the role of a "protagonist" or a "supporter" in the financial statements? What is HBM's contribution to the financial statements?