Is Micron Stock Going Higher? You Need To Hear What Elon Musk Just Said

The article argues Micron could benefit from a tightening memory-chip market after Elon Musk said AI compute demand is rising about 200% annually while memory supply is only growing around 20% annually. Musk’s comments, plus SpaceX’s reported $18.4 billion in quarterly capital expenditures and its AI infrastructure push, are presented as evidence that memory pricing could continue to rise. The piece frames this as a bullish catalyst for Micron and other memory-related chip suppliers, even though Micron’s stock had already fallen nearly 30% from its late-June peak. The overall takeaway is that AI-driven demand may keep the memory cycle stronger for longer, supporting higher prices and potentially lifting Micron shares.