MU
The chip shortage that refuses to quit
JPMorgan’s latest call says the memory-chip crunch could linger for two more years. Translation: the world’s appetite for memory is still outpacing supply, and Micron is sitting right in the middle of that mess — in a good way.
Why investors should care
Memory is the classic boom-bust soap opera of semis: prices spike, builders rush in, then everyone overbuilds and the party ends. But if JPMorgan is right, this cycle has a longer runway than the usual sugar rush.
That matters because Micron’s business lives and dies by pricing. A tighter market can mean:
- stronger DRAM and NAND pricing
- better margins
- fewer ugly “oops, inventory is piling up” moments
The big picture
If the crunch really stretches into 2028, Micron doesn’t just get a short-term bump — it gets a longer stretch of favorable conditions. That can keep sentiment on MU sturdier than the market expects, especially if AI demand keeps vacuuming up memory like it’s the last slice of pizza.
Big picture: this isn’t a victory lap yet, but it is a reminder that the memory cycle may have more miles left on the odometer than skeptics thought.