Micron Shares Surge 637% on AI Memory Shortage as DRAM and NAND Prices Jump
Updated
Updated · Yahoo Finance · Jul 29
Micron Shares Surge 637% on AI Memory Shortage as DRAM and NAND Prices Jump
2 articles · Updated · Yahoo Finance · Jul 29
Summary
Micron shares have climbed 637% over the past year, driven by a sharp rise in earnings as AI-fueled demand tightened memory supply.
AI data centers are consuming more DRAM, NAND and especially high-bandwidth memory, whose production needs roughly 3 times the wafer capacity of conventional DRAM and has deepened shortages.
That supply squeeze has lifted prices across the market: NAND flash prices nearly doubled in the final six months of 2026, while DRAM prices reportedly surged 170% last year.
HBM demand still looks set to expand, with the market projected to grow 7x by 2030 to $246 billion, supporting expectations that Micron's rally could extend into 2027.