Micron Technology shares surge on memory chip shortage and AI demand
Updated
Updated · CNBC · May 8
Micron Technology shares surge on memory chip shortage and AI demand
12 articles · Updated · CNBC · May 8
The stock jumped more than 15% on Friday to $746.81, lifting Micron's market value above $840bn and extending its monthly gain to nearly 84%.
AMD rose 26% for the week and Intel 25%, as investors broadened AI hardware bets beyond GPUs toward memory, storage and CPUs amid tightening DRAM and NAND supply.
Micron, Samsung and SK Hynix produce more than 90% of global DRAM, while rising prices and margins have boosted the sector and increased costs for hyperscalers.
With advanced memory sold out for years, is the AI boom a sustainable new era or a massive, impending supply bubble?
As AI's energy thirst threatens global power grids, can technological growth outpace its massive physical costs?