Micron Technology(US:MU) Xin Lang Cai Jing·2026-01-05 15:40Core Viewpoint - The global supply shortage of storage chips, driven by surging demand for artificial intelligence infrastructure, is leading investors to bet on further price increases in storage chips, resulting in a collective rise in stock prices of major storage chip suppliers [1][3]. Group 1: Supply and Demand Dynamics - Samsung's co-CEO stated that the current supply shortage is "unprecedented," with other manufacturers echoing similar warnings about the tight supply situation potentially lasting for months [1][3]. - Manufacturers are shifting production capacity towards high-bandwidth memory chips for AI servers, causing a tightening of supply for flash memory chips used in devices like USB drives and smartphones [1][3]. - According to TrendForce, prices for some storage chip categories have doubled since February of last year, attracting many traders who believe there is still room for price increases [1][3]. Group 2: Stock Performance - Micron Technology's stock rose approximately 2% in early trading on Monday, while SK Hynix and Samsung Electronics saw their stock prices close up nearly 3% and 7.5%, respectively [1][3]. - Samsung Electronics' stock doubled last year, and SK Hynix's stock surged nearly threefold [4]. - Smaller competitors like Western Digital, Applied Digital, and Seagate also saw their stock prices rise over 3%, with SanDisk's stock increasing by about 1.5% [5]. Group 3: Market Outlook - Analysts from Morningstar and JPMorgan expect the current "super cycle" in the storage chip market to potentially last until 2027 [5]. - Micron's CEO indicated that the supply tightness in the storage chip market is expected to persist until after 2026, with the company's stock soaring 240% in 2025, significantly outperforming the industry benchmark index's 42% increase [1][3].