Is winter really coming? Micron's financial report hits the face, leading to a collective frenzy of global chip stocks. After the close of Wednesday Eastern Time, Micron Technology released a brilliant financial report, which significantly boosted confidence in the global semiconductor market. At the same time, SK Hynix and Tokyo Electronics also reported positive news, driving up chip stock prices in the US, Japan, South Korea, and European markets. In sharp contrast to the continuous good news, Morgan Stanley just released a bearish report called "Winter is Coming" half a month ago. Morgan Stanley believes that the global memory chip industry is "approaching winter" and the dilemma of HBM oversupply may be about to unfold.