Overview
- Micron shares gained roughly 6% to 8% on Friday and are up about 52% over the past month as investors bet on AI-related chip suppliers.
- CEO Sanjay Mehrotra said demand tied to artificial intelligence is accelerating and contributing to tight memory supply, with industry estimates pointing to about a 55% price jump in the first quarter of 2026.
- The company broke ground Friday on a 600,000‑square‑foot Clay, New York facility that Micron has said represents a $100 billion project.
- Mehrotra described a multi‑year U.S. manufacturing expansion of about $200 billion that includes two planned fabs in Idaho, though the new plants will take years to reach production.
- Micron is boosting output at existing fabs in the near term, and it reported server memory growth finishing 2025 in the high teens percentage range versus an earlier 10% outlook, with PC memory and storage also stronger than expected.