Micron stock pops as AI memory demand soars: 'We are more than sold out'

Micron's Performance and Outlook - Micron's advanced memory production for AI is completely sold out through 2026 [1] - Memory pricing jumped 20% quarter-over-quarter, and storage chips were up in the mid-teens percentage [1] - The company expects margins and performance to continue improving through fiscal year 2026 [1] - The rate of pricing increases will slow beyond February [1] - Micron's stock is up 199% this year [2] Cost Impact and Supply Chain - Hyperscalers like Amazon, Microsoft, and Google face higher costs for AI data center buildout [3] - Server makers like Dell, Lenovo, and HPE are absorbing higher costs and passing them along [3] - HPE raised server prices by 15% in November [4] - Dell followed with a roughly 15% to 20% increase this month [4] - Broadcom's gross margins were compressed by roughly 100 basis points due to memory costs [4] Industry Impact - Micron's strong guidance is helping other memory and data storage names like SanDisk, Seagate, Western Digital, and Lamb Research, with these names trending at least 3% to 4% higher [5]