---
title: "The memory chip shortage sent Micron stock up more than 7x. Natural gas shortage looks like memory 12 months ago."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293514050.md"
description: "Investor Matthew Smith warns that the natural gas market mirrors the memory chip shortage dynamics seen a year prior to Micron's 7x stock surge. He highlights unpriced counterparty risks for hyperscalers and potential supply constraints, suggesting a repricing event within six to twelve months. The analysis identifies key players in the gas-to-power chain, including Expand Energy, EQT, Williams Companies, Cheniere Energy, and GE Vernova, as beneficiaries of this anticipated shift."
datetime: "2026-07-22T20:03:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293514050.md)
  - [en](https://longbridge.com/en/news/293514050.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293514050.md)
---

# The memory chip shortage sent Micron stock up more than 7x. Natural gas shortage looks like memory 12 months ago.

Quick ReadSmith sees natural gas mirroring memory chips 12 months before a 7x repricing, with EXE and EQT both trading at single-digit PEs.Hyperscalers haven't priced natural gas as counterparty risk, yet Smith warns it could account for somewhere between 20 and 40 percent of their costs at peak AI profitability.Are you ahead, or behind on retireme...

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