Elon Musk just gave Micron Technology (MU) a rare public compliment. The CEO of Tesla (TSLA) and SpaceX (SPCX) praised the memory chipmaker for keeping prices reasonable while rivals got greedy. That endorsement matters more than most investors realize.
Micron is in the middle of the AI memory bubble. The company's high-bandwidth memory is used in the chips inside Musk's own AI data centers. In the interim, Micron has secured long-term supply deals that will account for a vast majority of the revenue it yields in the months to come. The accolade from Musk is a simple statement. Fair pricing contributes to the customer loyalty that lasts over cycles.
