The memory chip crunch is paying off for this U.S. company
In Brief
2:30 PM PDT · June 24, 2026
The AI boom has fueled dozens of new startups and minted a new class of billionaires. It has also produced a serious shortage of memory chips — a critical component for compute-hungry AI models — which some predict could persist through 2027.
This era of RAMageddon isn’t just a corporate problem. As demand spikes and squeezes supply, prices are rising and trickling down to consumers. Apple CEO Tim Cook warned just a week ago that price increases for its products are unavoidable.
But amid this Mad Max-esque fight for memory chips, some companies are coming out ahead. Micron, the largest U.S. computer-memory chip maker — with a market cap of $1.2 trillion — is one of them.
The company reported third-quarter earningsafter markets closed Wednesday, and the results sent shares soaring more than 13%. Revenue quadrupled to $41.45 billion...
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