Micron CEO Sounds Alarm on AI Memory Crunch — Supply May Not Catch Up Until 2028 as Demand Keeps Growing: MU Stock Falls 4% (UPDATED)
Micron CEO Sanjay Mehrotra said memory supply shows no sign of catching up with AI-driven demand, citing long-term customer deals.
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Why It Matters
Micron makes computer memory chips that AI companies need a lot of. The CEO says they can't make them fast enough to keep up with demand for several more years, which worried some investors today.
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