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Wajeeh Khan

Elon Musk Just Gave Micron Stock a Big Boost. What to Know.

Elon Musk MU Micron Memory

Micron (MU) stock is inching higher on Aug. 5 after billionaire Elon Musk highlighted memory supply as the ultimate bottleneck for the global artificial intelligence (AI) buildouts.

“Memory output is increasing by around 20% per year, but the demand is increasing by 200% per year, maybe higher,” Musk said on the SpaceX (SPCX) earnings call last night.

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