Micron tops $700 billion market value on AI memory demand
Updated
Updated · CNBC · May 5
Micron tops $700 billion market value on AI memory demand
10 articles · Updated · CNBC · May 5
Its shares jumped 12% on Tuesday, are up 125% this year and 700% over 12 months, moving the company into the top 10 US tech firms.
Micron also said it has begun shipping its largest commercially available solid-state drive, as data-centre operators seek more storage with lower power use for AI infrastructure.
The rally extends gains reported earlier in the day, amid a global memory shortage affecting customers such as Nvidia and AMD; Micron has said some buyers receive only 50% to two-thirds of needs.
Could the AI-driven memory 'supercycle' collapse into a historic glut, repeating the industry's classic boom-bust pattern?
As 'RAMmageddon' makes budget devices extinct, is the AI revolution creating a new digital divide for consumers?
How vulnerable is the global AI buildout to geopolitical shocks centered around critical chip manufacturing hubs like Taiwan?