Micron’s CEO expects DRAM and NAND supply tightness to extend beyond 2027, potentially boosting memory stock valuations.
Micron Technology’s CEO stated that tight supply conditions for DRAM and NAND chips will persist beyond calendar 2027. The comment follows the company’s Q3 2026 results, where MU stock surged 176% year-to-date before cooling recently.
Memory stocks have corrected sharply, but past cycles suggest deeper selloffs often precede larger rallies. Micron, trading at a 6x forward PE, remains below a $1 trillion market cap, leaving room for growth if the supply crunch extends.
Analysts highlight ETFs like Roundhill Memory ETF (DRAM) as potential beneficiaries if the memory cycle lengthens, though some top AI stock picks exclude Micron.