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MRAM Stock Becomes Retail War Zone After Grandmaster-Obi Gamma Squeeze Call
MRAM vs. Kerrisdale: Why the Short Thesis Failed the AI Test
$MRAM Short Report - It misses 3 important points
Nobody is talking about what this $MRAM defense contract actually means for the company. Let me explain.
Up 250k in the last month from 17k initial… INTC AMD 90% of what I played.
Everspin (MRAM) - The Humanoid Robot Bull Case
Everspin Technologies $MRAM Q4 earnings
Everspin Technologies (MRAM) Q4 2025 Earnings Summary & Earnings Call
BARCHART OPINION Everspin Technologies Inc (MRAM)
MRAM - Everspin Technologies Stock Barchart Opinion - Barchart.com
Another day. Another pop for MRAM. I tried to alert the community last year. I tried to alert the community last week. Will today be my final alert? You will regret not owning this company. They make the chips for Lucid and Magnetoresistive RAM chips will be the focus for years to come. Join me
Please recall I warned everyone about MRAM long ago :) they make the chips that go into Lucid cars. When is my congressional hearing?
Mentions
Any chance of 45/65 bull spread on MRAM making any money by 6/5
Anyone buying the dip on $MRAM ?
Guys, any thoughts on MRAM? What’s the potential by end of this year?
GRPN my cock while I MRAM some Sandick in my ass.
What are these stocks doing? Someone with pro access please answer DRAM MRAM MU
They are a 210M MC, with FY2026 guidance for 130M, signing physical AI infrastructure contracts with Nokia and others along the way with a focus on clients in Pacific Asia, with plans to slowly expand to North America. Their playbook is undervalued, plain and simple. This has been attacked by short sellers for fraud allegations, but then you look at the attacks that they have previously placed on other companies and their stocks have soared. They are one among others who have first-mover advantage with making AI relevant at the physical edge rather than confined to massive datacenters. AI Inference Market in 2030: I believe that IF they can capture at least 2% of the MASSIVE (not trying to strike an undertone) $300B-$1T + opportunity here. That would put them at $45-100/SH. and that’s after adding 250-400 million shares. Comparable numbers to show you how massively undervalued BZAI is: Everspin MRAM trading at $33.33, 790 MC FY2026 revenue ~$70.6M Ambarella AMBA trading at $86.86, 3.84 MC FY2026 revenue -$200-300M (market rewards Edge AI companies with revenues as winners) - - essentially Year 2 for BZAI, if this year you consider year 1 - -
You're absolutely right to be skeptical of that kind of move. An 80% jump in a week without a specific, material catalyst (FDA approval, major contract win, earnings beat) is almost always either a pump-and-dump or a short squeeze. MRAM (Everspin or a similar name?) is a real technology but the commercial adoption timeline has been pushed out repeatedly. The key test: is there actual revenue growth to support the move? If not, this is a trading vehicle, not an investment.
Full port MRAM on a dip or no
Of course I only bought 2 MRAM calls…
I hope the MRAM short sellers get there anuus gapped
I hope the MRAM short sellers get blown out of the water
Told ya to buy MRAM I have no idea what im doing btw
Bull flag short squeeze on MRAM
GFS and MRAM are partners in manufacturing; GFS also uses MRAM IP in its eMRAMs
MRAM waterfall dump at open or pump?
MRAM got the extra strength HIMS in the mail today without consulting a doctor.
MRAM to the moon 🚀🚀🚀
Apparantly some obscure hedge fund is big shorting MRAM so maybe someone squeezing them?
No idea what MRAM does but trust me buy it
What the hell just happened to MRAM?
MRAM seems like a deal at this price eh? A lot of short interest now too
Everyone shorting tf out of MRAM gg it’s been real they not letting price come back up
Is MRAM as legit as POET?
MRAM is destroying me
MRAM why u playing games
ppl short MRAM now
MRAM isn't new. In fact, TSMC has been making it for a while now, since at least Q4 2020. And no, it isn't licensed from Everspin. Everspin has no moat. NONE. There's nothing special about Everspin's STT-MRAM. Literally nothing. https://preview.redd.it/syw9452zaa2h1.png?width=800&format=png&auto=webp&s=ff74b9643c34b7bc0ee0d02ede06c2db6e87409e This was TSMC's 22UL process. The beauty of these memory devices (including RRAM) is that you can put them up in the metal layers, it doesn't require a separate poly array in the middle of (for instance) HKMG or HKMG finfet like CT flash or superflash or whatever does at the substrate.
ya its dated but the below part still seems relevant... >To date, Everspin is the only company to have successfully commercialized MRAM. Many other companies have had R&D efforts (some still do) but never commercialized a product: IBM, Infineon, Toshiba, Samsung, Micron, Sony, Hitachi, NVE, Intel, Cypress, NEC, Crocus, Spintec, Spin Transfer Technologies, Fujitsu, and Grandis, to name a few. It is the opinion of the author that these companies are waiting for second-generation MRAM based on spin-torque (ST) technology to mature further before working on their own products, as ST promises much higher densities and performance (and therefore has greater market potential). Most of the R&D money spent by these companies is on ST. Also, as discussed further below, the MRAM market to date has only supported less than 10 million total units sold, which is too small to attract the likes of IBM, Toshiba, Samsung, or Micron. Everspin started out as Motorola in the 1990s, which developed their patented 10-layer MTJ bit element structure and toggle program method. First-generation MRAM devices in production today are known as toggle MRAMs, after this program method. (ST-MRAMs, as discussed in more detail below, have a much simpler program method.) In 2004, Motorola spun off Freescale, who produced the first 4 Mb MRAM in 2006. Then, in 2008, Freescale spun off Everspin. **Everspin essentially owns almost 100% of the MRAM market**, and has sold over 8 million units since 2008 (Figure 3.1-1). In 2012, Everspin surpassed 300 customers and 250 design wins \[10\]. These sales represent units shipped of their toggle MRAM, the traditional MRAM. Everspin has also marketed on their Web site for years the ST-MRAM, which finally became a reality in November 2012 \[11\]. Thanks to their low power consumption, wide operating temperature range (−40°C to 125°C for automotive-grade), and unlimited endurance and retention, Everspin toggle MRAMs have made their way into markets such as data systems (Dell, LSI, Siemens, Emerson), automotive (BMW), and avionics (Airbus)
Cache is SRAM, always has been. It needs single cycle access and MRAM latency is far too high. Your original post said Everspin owns the foundational IP for the orbital AI buildout and the market has not priced in the re rate. Now you're saying MRAM doesn't have a big market and can't scale like NAND or HBM. Uhm which is it? If eMRAM is just a small on-die feature and not real system memory, then by your own logic Everspin's discrete STT-MRAM, in exactly the same order, holding code, configuration, and small non vol state, is also not real system memory. Therefore having zero moat as they will not scale with the buildout.
I mean, the Chinese government is backing $8 billion, and Google, SpaceX, and small unicorns such as Aetherflux are all investing multi-billions into this. Space is a growing economy, sure these data centres are maybe 5-10 years away from actually being in orbit but the growth case for MRAM is there.
Literally, Airbus uses MRAM.. Embedded MRAM (eMRAM) is a tiny feature baked inside a processor cache, it is not standalone system memory. Infineon's FeRAM has terrible density scaling and literally wears out from destructive read cycles.
That didn’t answer my question. What's the actual workload where Everspin's MRAM is the answer and Infineon's FeRAM or TSMC's eMRAM isn't?
MRAM has been “the next big thing” for 20 years. The reason it’s only used for defense/space (reliability, not power) is that the tech is hot garbage for everything else.
They perform completely different jobs on a spacecraft, and one cannot replace the other Satellites and orbital data centers being launched by SpaceX, Blue Origin, and Google don't choose between Micron's NAND or Everspin's MRAM, **they use both**. They use Micron’s NAND as a hard drive to store massive images and data logs, and they use Everspin’s MRAM as the core, indestructible engine running the live AI processing and flight computer.
I’m confused on what part you believe MRAM will play though? Micron already released a radiation tolerant single cell NAND with 256gigs, which is like 500x denser than MRAM. They need storage in terabytes. STT-MRAM doesn’t match the performance needs yet and I argue it never will. Look up rad hard 3D NAND, FeRam/ReRam.
does everspin have fabs? you realize MRAM involves semi equipment and magnetics... this is right up hdd alley
This is amazing! Thank you for your notes. I believe MRAM has many years before it can compete with DRAM/HBMs. The space application is very attractive for now.
The holy grail of MRAM is to get to STT MRAM which ever spin has been working on perfecting it for years. The issue is that it’s not as fast as SRam so can’t serve that purpose in cerebas type setup. It could potentially replace some of the dram/HBM applications where power consumption is a major issue so edge device scenarios definitely works. The issue there is that while ever spin does own some core stt IP, they lack the ability to integrate it to a I/O setup that can handle today’s memory bandwidth demand and they really don’t have that type of expertise. The likely scenario there is to work with one of the larger memory player to integrate their IP on top of the memory maker ip and manufacturing experience. Oh, also the bigger challenge is to get the yield up high enough that it can be economical viable alternative to HBM/traditional dram. That has always been one of the major huddle is getting it to larger market. The DoD folks don’t care and can overpay for niche usage but the rest of world takes cost into consideration.
They will continue to make bank on legacy memory applications. This is a new growing industry and need, they can jump on it but Everspin has the experience, product, manufacturing and patents. They are pretty much a monopoly in STT-MRAM. For legacy memory companies it would make more sense to just buy Everspin out then build new research teams and manufacturing. Which is still a bullish call
legacy hard drive companies are perfectly positioned to pivot to MRAM both from the manufacturing side and the IP, but for some reason they have not pursued it. maybe they're too entrenched in their gravy train to care but if MRAM becomes viable you can guarantee Western Digital, Seagate, etc will have a huge advantage in this space. personally i think the density makes it cost prohibitive (if you look at it in terms of devices per wafer)
Note that MRAM technology cannot replace NAND and DRAM memory because max memory is 1GB (vs 32GB DRAM and 2TB NAND). Also their cost per bit is very high and is not competitive. This means they will not be the primary memory provide r for high performance computing data centers (the largest source of memory demand today due to inference)
So exciting to see so many ppl arguing over MRAM 🤣 who knew ppl would care about this when I was working on it 10yrs ago
Did you read my reply at all ? Before you continue to argue. Go ahead and read it again. MRAM holds strategic STT MRAM patents, the version of MRAMs that you can use in space. Samsung and rest mainly holds eMRAM patents... It doesn't matter how many patents are being filed MRAM already works with every inch of U.S government including NASA. The U.S government literally invested billions in Intel's crappy products just to combat TSMC increasing influence. Everspin is the industry leader why are you still arguing the patents. Refute
wow, you just keep doubling-down, insisting to die on a dumb hill. you REALLY think that the biggets semis, with more mram patents than this miniscule penny stock, don't compete? REALLY? https://research.tsmc.com/english/research/memory/mram/publish-time-1.html >TSMC has developed and offers STT-MRAM solutions to overcome scaling limitations of embedded Flash technologies.
eMRAM, MRAM, STT-MRAM are all different products...
**Samsung, TSMC, and GlobalFoundries** focus almost exclusively on **eMRAM (embedded MRAM)**. This means they bake tiny blocks of MRAM directly into a logic chip (like an automotive MCU or an Edge AI SoC) down to 8nm or 5nm to replace traditional, power-hungry SRAM caches. They are building a feature inside a chip. **Everspin** specializes in **Standalone MRAM (and STT-MRAM)**. They sell the actual discrete, high-density, off-chip non-volatile storage units (like their PERSYST line). If a system like an orbital data center needs independent, ultra-reliable persistent memory to store mass flight data, boot code, and AI model weights without losing a byte during a power kill, they buy a discrete Everspin chip. They aren't trying to build the same product. Yes, Samsung and TSMC have "gazillions" of generic semiconductor patents. But **Everspin holds over 650 highly targeted, foundational patents** specifically covering the structural architecture of Toggle MRAM and Spin-Transfer Torque (STT-MRAM). Even if Samsung or TSMC magically designed a perfect standalone equivalent, **they cannot touch Everspin’s defense and aerospace monopoly.** Everspin is a pure-play, **American-owned** I will say it one more time. TSMC and Samsung scaling up their own eMRAM caches isn't a threat; it is the ultimate market validation. They are standardizing MRAM across the globe, forcing every software engineer to optimize for magnetic memory, while Everspin sits perfectly positioned
Everspin’s newer **STT-MRAM** doesn't use standard magnetic induction coils to write data. It uses Spin-Transfer Torque (polarizing the spin of electrons with a current). This gives it **DRAM-like read/write speeds** (switching cycles measured in mere nanoseconds) and practically infinite write endurance. It isn't "read-only"—IBM literally uses Everspin’s STT-MRAM as a high-speed persistent write buffer in their enterprise storage arrays.
Saying TSMC doesn't "need" to depend on Everspin because they have their own MRAM patents is like saying Samsung doesn't need to depend on ARM because they design their own mobile chips. In the modern chip landscape, scale is only half the battle; the other half is geographic security and foundational ownership. Everspin is a pure-play, **American-owned semiconductor company.** With the U.S. government fiercely pushing the CHIPS Act and nationalizing secure hardware, Everspin’s onshore production (bolstered by their 10-year manufacturing deal with Microchip in Oregon) makes them a protected strategic asset. Samsung cannot replace a domestically audited, ITAR-compliant, radiation-hardened memory pipeline for Western defense. Samsung specializes in high-volume, commodity hardware. Everspin holds over 650 active patents covering the baseline architecture of MRAM and STT-MRAM. When massive foundries want to embed this tech into their custom automotive or edge-AI nodes down to 5nm, they frequently choose to cross-license or use foundational blocks from pure-play design pioneers rather than fight decades of IP litigation. Samsung scaling up physical MRAM fabs doesn't threaten Everspin; it validates that the entire global market is shifting toward their exact architecture. You don't short the patent-holding, U.S.-backed pioneer right as their industry goes mainstream.
> Everspin holds over 600 active patents covering basic MRAM and STT-MRAM architectures. TSMC isn't going to spend billions fighting an IP war ...dude. tsmc (and samsung... hynix, and others) also/already have tons of mram patents, too.
Everspin holds over 600 active patents covering basic MRAM and STT-MRAM architectures. TSMC isn't going to spend billions fighting an IP war; they are a foundry. Foundries build the physical silicon for fabless designers or license foundational architecture to offer embedded MRAM (eMRAM) to their clients. **Expanding the Entire TAM:** The biggest hurdle for MRAM historically hasn’t been demand—it's been manufacturing scale. The world's largest foundry investing heavily in MRAM infrastructure means the technology is officially going mainstream for next-gen hardware, Edge AI, and space systems. When the giant who builds the world's advanced chips starts aggressively pushing your tech sector down to 5nm, you don't short the only pure-play IP owner on the market. You buy more! Also, important to note that MRAM is American.
**Using "insider selling" to short a massive tech pivot is the ultimate mid-curve bear mistake.** Executors get paid in equity, not multi-million dollar cash salaries. When a stock pulls off a 300% sector run, selling a tiny fraction of your shares ($550k) to finally buy a house or lock in liquid cash isn't a red flag, it’s basic financial planning. There are a million personal reasons an insider might sell a small portion of their stock. But there is only one reason they buy and hold it in the first place: they know the long-term technology is fundamentally undervalued. The shorts are hyper-focusing on completely normal corporate liquidity because their actual technical thesis has zero answers for the massive Edge AI and Space-infrastructure boom hitting $MRAM right now. They missed the boat at single digits, and now they're just panicking for a dip.
TSMC already making their own MRAM. [https://www.eenewseurope.com/en/tsmc-looks-to-5nm-mram-plans-first-european-design-centre/](https://www.eenewseurope.com/en/tsmc-looks-to-5nm-mram-plans-first-european-design-centre/)
The 18-Year MRAM wasn't built in a garage over a weekend by two guys writing Python code. It is an incredibly complex, precision magnetic-engineering process layered on top of silicon. The fact that Everspin has spent 18 years refining this, securing over 600 patents, and working hand-in-hand with U.S. government contractors means **the barrier to entry for competitors is practically impossible** . You can’t just throw $500M at a software team and replicate Everspin's manufacturing IP overnight. The $40M is a Launchpad The Pentagon didn't hand them $40M to just buy some chips for a warehouse. That contract is a **Defense Industrial Base subsidy** specifically to scale up domestic U.S. production capabilities for extreme environments. The government is literally paying for Everspin to de-risk, harden, and optimize their next-gen high-density manufacturing. Once the military finishes funding the infrastructure, the commercial floodgates open for mass market deployment. The Massive SPCX IPO Catalyst With **SpaceX preparing to go public under the ticker SPCX on June 12 at a staggering $1.75T valuation**, the entire market is about to wake up to the reality of the orbital space economy. SpaceX, Blue Origin, Google, and the Chinese government are racing to build massive satellite constellations and orbital compute clusters. Space-based hardware faces brutal cosmic radiation and tight solar-power limits. Standard flash memory fries, and traditional DRAM drains the battery dry. **MRAM is radiation-tolerant, non-volatile, and consumes near-zero standby power.** Everspin spent 18 years positioning themselves to be the only viable persistent memory standard for the exact trillion-dollar space-AI infrastructure boom kicking off right now.
They've been working closely with U.S government contractors for last 18 years. They own a lot of patents in MRAM technology, they have bunch of products. They've recently increased their production capacity. Space computing race is live - Especially with SPCX IPO i believe MRAM will be one of the top beneficiaries from this race.
The CEO sold a total of $240K worth of shares. The company is mainly held by institutions. This is one of the most important companies for America's space ambitions including the Golden Dome. Valuation is high, but growth is sky. MU was trading at 11 times earnings at 87 now its 700 and trading at 7. As long as we can see a revenue growth we will be good. MRAM is set for growth especially with the recent manufacturing agreement with Microchip
Setting a short entry around $32–$34 with a strict stop-loss at $40.00 leaves these bears incredibly exposed. The moment the market realizes that MRAM isn't trying to replace DRAM in a standard PC, but is instead becoming the backbone of the edge-compute and aerospace revolutions, this tight stop-loss corridor is going to trigger a violent short squeeze. Let the fintech "research agents" short the rearview mirror while the forward-looking hardware cycle leaves them holding the bag. 🚀🚀🚀
Calling Everspin a "historically linear business" is like calling Nvidia a "historically linear graphics card business" in 2019. They are valuing the company based on its legacy Toggle-MRAM phase (slot machines, old industrial gear). They are completely ignoring the massive structural inflection point into **high-density STT-MRAM** and their new **UNISYST** platform. When an entire industry undergoes a paradigm shift from centralized cloud AI to low-power **Edge AI** and **Orbital Space Compute** revenue doesn’t stay linear. It jumps a step-function.
>Kerrisdale scoffs at Everspin's massive 2.5-year, $40 million U.S. Defense Industrial Base contract Given the context, I wouldn't call $40 million **massive**. Btw, I own MRAM stock, which means I'm losing money right now.,
Valuation might be high, but the future of memory is MRAM.
True that - but MRAM is/was a micro cap - somehow 800M now though. None of this makes sense.
Nothing is real. MRAM has a PE OF 3,700 and everyone was still buying tf out of it lol
MRAM bols got DESTROYED.
The market has been ripping so hard lately, I figured it would retrace soon. I shorted MRAM at $40. It has no business being priced that high lol
Good morning MRAM bagholders.
I must be retarded for buying MRAM there’s no other explanation
MRAM it up my ass again
Thanks buddy :). I’ve been also looking at MRAM and PRSO, but I think your stock is of better interest to me right now
MRAM you all think room to run?
Where my DRAM and MRAM losers at lol
Is there a reason why I can’t trade my MRAM options on Robinhood? Anyone else experiencing this?
All our favorites MU, DRAM, SMCI, MRAM, POET getting obliterated today lol
I want to see that $36.50 order on MRAM clear out and then let it fall. Not hating on the company, just this excessive price.
No I scalped MRAM and bought puts with some of the money. I didn’t like the SIVE as much. I also learned that mram is a thing and it’s coming up fast.
I know MRAM is way overhyped and prob will rug BUT here me out . With spacex ipo and all the space talk won’t the demand for MRAM memory be huge ?
Checked the news. Looks like they got a defense contract. Too funny. I work in embedded systems in the commercial sector, and there's no way we'd pay for MRAM, lol. Flash is good enough for everything we do and much cheaper. To be totally honest with you, I only invest in index funds. I just happen to have a little knowledge about this product because I'm an electrical engineer and considered using MRAM for a hobby project once.
I answered from the perspective of being an electrical engineer working in embedded systems, which is really tiny computers integrated into other products. Just saw Everspin's stock ticker, didn't even read any news articles, and I'm guessing they're trying to get into the datacenter market because the price of flash memory is currently high enough to make MRAM economically viable. That is a complete guess without reading anything. If they're going to make money off of this, they have to stay price competitive with flash for long enough time to spin up MRAM capacity and sell a lot of units. Do your own due diligence and see if you think their business case is sound.
Paper handing SPY calls/puts because I'm a little bitch + DRAM and MRAM calls opened the day in the shitter. Down to $59k now in the individual account. At least my IRA is in good shape. I put everything in shares for now. I need a break.
Tbh if they let MRAM out of the bag it may actually signal for MU and SNdK
MRAM shorts gonna go broke
MRAM if you want to FAFO. The fact that this shit is somewhat holding this price is telling my spidey senses something is up. (Maybe a giant dump also a possibility)
Is MRAM about to do its neg leg up?
MRAM it up my ass with no lube
I think the MRAM fad is over but could use one more pump to get out of this impulse call
I hear you there... I also missed a lot of money getting shook out near the bottom. NBIS, POET, MRAM... lol just those three would have been over 100k profit I think from what i was holding. All i can do now is the next right thing.
Really don't know what to buy at this point. I sold my SPY calls and cut losses on MRAM.
MRAM really got me lmao down 42% on my calls