Micron is now worth more than Meta — and it's all thanks to RAMageddon
ai data center demand caused a memory shortage that sent micron stock up 236% in a month, briefly valuing it higher than meta.
micron briefly surpassed meta and tesla in market capitalization as its stock jumped 236% in a month, driven by a severe shortage of high-bandwidth memory (hbm) and dram required for ai data centers. revenue quadrupled to $41.45 billion and profits hit $28.2 billion as hyperscalers like microsoft, amazon, and google hoarded memory to secure ai infrastructure. to counter historic boom-bust cycles, micron signed 16 long-term agreements with customers like nvidia and anthropic to lock in demand through 2027.