AI gold rush sends micron to $1 trillion—but memory shortages and market jitters loom
The gist
Micron’s meteoric rise to a $1 trillion valuation is fueling an AI gold rush—and a global memory shortage that’s sending markets into a wild jitter.
What to know
- Micron’s market value doubled from $500 billion to $1 trillion in just 50 trading days, powered by AI’s insatiable demand for high-bandwidth memory.
- Tech titans like Alphabet, Amazon, Microsoft, and Meta are dropping over $750 billion into AI infrastructure, while hyperscalers and memory makers lock in multi-year, higher-margin supply deals.
- Despite record highs, memory stocks have tumbled amid fears of overcapacity, supply bottlenecks, and a boom-bust cycle that could rattle the semiconductor sector for years.