Micron Technology Inc. (MU) has seen its market capitalization soar to $525.4 billion, driven by a severe shortage in Dynamic Random-Access Memory (DRAM), crucial for AI and modern computing. The company’s stock is up approximately 330% over the past year, with a staggering 48% increase so far in 2026. Despite this success, Micron can currently meet only 50% to two-thirds of customer demand, highlighting an ongoing crisis within the memory sector.
Nvidia Corp. (NVDA) has reported that the DRAM shortage has reached critical levels, impacting the deployment of AI technologies significantly. Estimates indicate that nearly 100 gigawatts (GW) of new data centers will come online in the next four years, yet the available DRAM can only support about 15 GW of AI data centers during this period. Market researcher TrendForce forecasts a 90-95% spike in DRAM prices by the first quarter of 2026, escalating concerns about supply shortages within the industry.
