--- title: "Micron Sees 'No End' to AI Memory Supply Crunch: CEO Sanjay Mehrotra Says 'Nothing Ever Goes in a Straight Line'" type: "News" locale: "en" url: "https://longbridge.com/en/news/296743524.md" description: "Micron CEO Sanjay Mehrotra stated there is 'no end' to the AI memory supply crunch, citing long-term customer deals and structural demand growth beyond data centers. While analysts like Dan Ives view memory as foundational, Cathie Wood disagrees, expecting competition to curb prices. Supply relief is unlikely before 2028. Micron also announced a $10 billion research lab investment. Shares closed slightly lower despite high momentum scores." datetime: "2026-08-24T05:35:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296743524.md) - [en](https://longbridge.com/en/news/296743524.md) - [zh-HK](https://longbridge.com/zh-HK/news/296743524.md) generator: "portal-rs" --- # Micron Sees 'No End' to AI Memory Supply Crunch: CEO Sanjay Mehrotra Says 'Nothing Ever Goes in a Straight Line' **Micron Technology Inc.** (NASDAQ:MU) CEO **Sanjay Mehrotra** said memory supply shows no sign of catching up with artificial intelligence-driven demand, citing long-term customer agreements locking in years of committed supply as evidence that the current boom is structural, not cyclical. ## **‘We See No End’** “We see no end when supply catches up with demand, and the demand continues to grow,” Mehrotra told CNBC‘s **Jim Cramer** on Friday. He said Micron’s five-year customer agreements, which can be extended, give the company “assurance of demand,” even as “nothing ever goes in a straight line.” “Today there is no AI without memory,” Mehrotra said, adding that AI systems increasingly require higher-performance, lower-power memory that will eventually extend demand beyond data centers into autonomous vehicles, robotics and AI-enabled consumer devices. **Read Also: Nvidia Is Coming for OpenAI and DeepSeek With $6 Billion Poolside Deal to Build a Powerful Open-Weight AI Model: Report** ## **A Structural Shift** **Daniel Newman**, CEO of **The Futurum Group**, said on X that Mehrotra “finally said the quiet part out loud,” adding the AI-driven demand cycle “may never end” as data center buildouts give way to robotics, autonomy and physical AI. > $MU CEO finally said the quiet part out loud. The AI powered demand cycle may never end. AI data center boom and then comes robots, autonomy, and physical AI. The memory wall is growing taller. 👀 https://t.co/UKnkf3fPbJ > > — Daniel Newman (@danielnewmanUV) August 23, 2026 **Yorkville Ives** Senior Managing Director **Dan Ives** told CNBC the memory trade has become “foundational, not cyclical,” estimating demand-to-supply ratios in AI memory at roughly 15-to-1. “Memory players, right now it’s their world and everyone else is paying rent,” Ives added. On Thursday, Micron disclosed the launch of Micron Research Labs, a $10 billion, 10-year investment in a U.S.-based research hub anchored by a flagship campus in Boise, aimed at advancing memory and AI technologies. ## **Not Everyone Agrees Memory Demand Is Permanent** **ARK Invest** founder **Cathie Wood** has taken the opposite view, avoiding memory suppliers like Micron and **SK Hynix Inc.** (NASDAQ:SKHY) as today’s extraordinary pricing is more likely to invite competition and engineering workarounds than persist indefinitely. ## **Supply Relief Could Be Years Away** Even as **Samsung Electronics Co., Ltd.**, SK Hynix and Micron all expand capacity, meaningful production relief is unlikely before 2028 at the earliest, according to Counterpoint Research Director **MS Hwang**, since AI demand is now pulling in conventional DRAM alongside high-bandwidth memory. Mehrotra made a similar point in June, telling investors on Micron’s fiscal third-quarter earnings call that “even as we expect industry supply to improve gradually in 2028, we currently do not have line of sight as to when memory supply will be able to catch up with increasing demand.” **Price Action:** On Friday, shares closed 0.77% lower at $966.78 and fell 0.37% further in extended trading. **Benzinga edge rankings** indicate Micron’s stock has a Momentum score in the 99th percentile and a Growth score in the 92nd percentile. **Read Also: Sean Duffy Calls Canada’s Trade War With Trump ‘Foolish,’ Says Carney Will ‘Come To The Table’ Amid 50% Tariffs** ***Disclaimer*:** *This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.* *Photo: Thrive Studios ID 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) - [MUU.US](https://longbridge.com/en/quote/MUU.US.md) - [MULL.US](https://longbridge.com/en/quote/MULL.US.md) - [MUYY.US](https://longbridge.com/en/quote/MUYY.US.md) - [MUZ.US](https://longbridge.com/en/quote/MUZ.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [OpenAI.NA](https://longbridge.com/en/quote/OpenAI.NA.md) - [SKHY.US](https://longbridge.com/en/quote/SKHY.US.md) - [SSNGY.US](https://longbridge.com/en/quote/SSNGY.US.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) - [SMSN.UK](https://longbridge.com/en/quote/SMSN.UK.md) ## Related News & Research - [Micron CEO: AI has 'totally changed' the equation for the boom-and-bust memory industry](https://longbridge.com/en/news/296543881.md) - [Micron Stock Is Surging Toward $1,000 Again. Can MU Keep Climbing?](https://longbridge.com/en/news/296107115.md) - [SK Hynix vs. Micron: One AI Memory Leader Is Trading at Half the Multiple](https://longbridge.com/en/news/296356343.md) - [Micron Shares Return to $1,000: After Short-Term Policy Catalysts, Can AI Demand Sustain MU Stock's Continued Rally?](https://longbridge.com/en/news/296171981.md) - [Micron Technology, Inc. Plans USD10 billion AI Memory Chip R&D Center](https://longbridge.com/en/news/296551150.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**