tech
January 16, 2026
Micron stock climbs as CEO highlights AI demand for memory
"We need more and more memory to address that demand," Micron CEO Sanjay Mehrotra told CNBC's Jim Cramer.
TL;DR
- Micron stock rose nearly 8% on Friday, influenced by robust earnings from Taiwan Semiconductor Manufacturing Co.
- Demand for AI chip supply chain stocks is increasing due to continued AI infrastructure spending.
- Micron is a key maker of memory and storage for AI systems, with its stock up over 250% in the past year.
- Memory is essential for AI systems to handle large datasets for running AI models efficiently.
- Micron CEO Sanjay Mehrotra stated that AI-driven demand is accelerating and requires increased memory production.
- The company is investing $200 billion to build new production capacity in the U.S., including fabrication plants in Idaho and New York.
- Micron expects to see continued tightness in memory supply through 2027, driven by AI demand.
- Stronger-than-expected growth was also observed in memory and storage for PCs.
- Prices for essential memory components are predicted to rise by an estimated 55% in the first quarter.
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