--- title: "Elon Musk Says Micron Has Been ‘Reasonable’ in Future Pricing Memory Where Others Were ‘Extortionate’ — ‘Customers Won’t Forget’" type: "News" locale: "en" url: "https://longbridge.com/en/news/301781840.md" description: "Elon Musk praised Micron for reasonable future memory pricing, contrasting it with 'extortionate' competitors, noting this builds long-term loyalty. JPMorgan forecasts tight supply and a growing high-bandwidth memory market. Despite Micron securing more long-term contracts, chip stocks dropped due to China-related competition concerns. Micron shares fell 3.62% to $953.19, though momentum indicators remain strong." datetime: "2026-10-14T01:56:22.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/301781840.md) - [en](https://longbridge.com/en/news/301781840.md) - [zh-HK](https://longbridge.com/zh-HK/news/301781840.md) generator: "portal-rs" --- # Elon Musk Says Micron Has Been ‘Reasonable’ in Future Pricing Memory Where Others Were ‘Extortionate’ — ‘Customers Won’t Forget’ **Space Exploration Technologies Corp.** (NASDAQ:SPCX) CEO **Elon Musk** said Tuesday that **Micron Technology Inc.** (NASDAQ:MU) has handled future memory pricing fairly, while taking a swipe at other suppliers for overcharging. ## **Customers Won’t Forget Pricing** In a post on X, Musk said Micron “has been reasonable regarding future memory prices, while others have been extortionate, which is something today’s customers won’t forget.” He added that Micron’s approach is “the smart move for long-term customer loyalty.” > Micron has been reasonable regarding future memory prices, while others have been extortionate, which is something today’s customers won’t forget … > > Micron is making is the smart move for long-term customer loyalty. > > — Elon Musk (@elonmusk) October 13, 2026 He was replying to an X post from **Nicholas Mugalli**, CEO and principal of World Trade Securities, who had highlighted a new JPMorgan bullish note on memory and storage. Futurum Equities Chief Market Strategist **Shay Boloor** said Micron could turn the “goodwill” Musk described into longer contracts and more market share when supply eventually loosens. > Elon Musk says $MU has been "reasonable" on future memory pricing while others have been "extortionate" and that customers won’t forget how they were treated. > > Micron could turn that goodwill into longer contracts and more market share when supply eventually loosens. pic.twitter.com/zUkkGOtJWo > > — Shay Boloor (@StockSavvyShay) October 13, 2026 **Read Also: Bank of America, Johnson & Johnson, Six Flags Entertainment, Citigroup and Applied Materials: Why These 5 Stocks Are on Investors' Radars Today** ## **JPMorgan Sees a Tighter Memory Market** JPMorgan said that the setup for memory is “meaningfully stronger than 90 days ago,” with demand running well above supply. The firm models shortages of about 20% in 2026, 19% in 2027, and 15% in 2028, and projects the high-bandwidth memory market to reach about $160 billion in 2027 and $280 billion in 2028, up from roughly $64 billion in 2026. Micron has stepped up to 26 long-term customer agreements from 16, covering more than 35% of revenue through 2030, with $150 billion in remaining performance obligations. More than 75% of fiscal 2027 output is already committed. ## Memory Stocks Wobble on China Worries Shares of chipmakers extended their losses on Tuesday on concerns that China’s **ChangXin Memory Technologies** is making progress on a chip design that packs more memory into a smaller space. On Monday, Micron lost about $52 billion in market value, **SK Hynix Inc.** (NASDAQ:SKHY) about $41.5 billion, and **SanDisk Corp.** (NASDAQ:SNDK) roughly $15 billion. **Price Action:** Micron fell 3.62% on Tuesday to close at $953.19 and rose 0.32% to $956.20 in extended trading. Benzinga Edge rankings indicate Micron’s stock has a Momentum score in the 99th percentile and a Quality Score in the 97th percentile. **See More: Top Momentum Stocks** ***Disclaimer*:** *This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.* *Photo Courtesy: Frederic Legrand – COMEO on Shutterstock.com* ### Related Stocks - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [MUD.US](https://longbridge.com/en/quote/MUD.US.md) - [MULL.US](https://longbridge.com/en/quote/MULL.US.md) - [MUU.US](https://longbridge.com/en/quote/MUU.US.md) - [MUZ.US](https://longbridge.com/en/quote/MUZ.US.md) - [688825.CN](https://longbridge.com/en/quote/688825.CN.md) - [AMAT.US](https://longbridge.com/en/quote/AMAT.US.md) - [BAC.US](https://longbridge.com/en/quote/BAC.US.md) - [C.US](https://longbridge.com/en/quote/C.US.md) - [FUN.US](https://longbridge.com/en/quote/FUN.US.md) - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) - [SKHY.US](https://longbridge.com/en/quote/SKHY.US.md) - [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md) - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) ## Related News & Research - [Here's what a $2,500 investment in Micron could be worth by 2030](https://longbridge.com/en/news/301748757.md) - [Micron just said something that could change how investors see the stock](https://longbridge.com/en/news/301617475.md) - [A Wall Street Analyst Just Placed a $3,000 Price Target on Micron: Here Are the Cases For and Against a 200% Surge in the Stock.](https://longbridge.com/en/news/301408177.md) - [Micron vs. SpaceX: Wall Street Says Only One Stock Is a Strong Buy](https://longbridge.com/en/news/302001194.md) - [Micron Stock Extends Multi-Day Losing Streak: What's Going On?](https://longbridge.com/en/news/301729694.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**