Micron CEO Sanjay Mehrotra sat down with Jim Cramer on CNBC to talk chips.
Key comments:“Micron is firing on all cylinders.”“Every AI system, regardless of the device it is in, requires more memory at higher performance in order to really bring out the full potential of AI capabilities.”“AI is in very early innings.”“We see tightness going beyond 2027”“The demand trends are long term, secular, strong demand trends. Supply, we have talked about the constraints…”“In 2023, our prices came down to 1/3 of what they were in 2022 because customers drove our prices to these unproductive levels. Yet, Micron had the vision of investing in the future.”“We invested even in the 2023 time frame, US$10 billion, towards leading in memory technology and memory supply.”"Of course, now we’re investing US$200 billion, investments in the US, investments globally across where Micron operates…and these investments are very much geared toward trying to bring on supply. But it takes a considerable period of time…”“We have signed these Strategic Customer Agreements addressing data center, automotive, and consumer markets, so these are very important…”“…when you look at the data center market, yes it’s become the largest market for memory and storage, but other markets are large, too. Micron has 40% of its revenue coming from consumer, automotive and industrial markets so these are very important markets.”$SK Hynix(SKHY.US) $Micron Tech(MU.US) $SSNLF #Samsung #SKhynix #semiconductorsSource: Dan Nystedt
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