Weeks before Apple Inc. (NASDAQ:AAPL) blamed soaring memory costs for raising prices on several products—and before Samsung Electronics Co., Ltd. (OTC:SSNLF) forecast a blockbuster jump in quarterly profit—Micron Technology, Inc. (NASDAQ:MU) told investors exactly where the memory market was headed.
The company warned that surging demand for artificial intelligence would keep memory supplies tight for years, fundamentally reshaping an industry long known for boom-and-bust cycles.
