While public attention often focuses on powerful GPUs and processors from companies such as Nvidia, a less visible yet equally critical component of AI systems is memory. Memory enables the storage and processing of vast amounts of data in close proximity to computing units. Speed, capacity, and availability of memory are thus becoming limiting factors for the training and deployment of large language models. It is therefore no surprise that demand for memory solutions is growing faster than was expected just recently.

Micron Technology share price performance over the past five years*

Strong Fundamentals

Memory manufacturers are currently benefiting from a combination of rising demand and constrained supply, which is subsequently reflected in a significant increase in their share prices. According to statements from Micron’s management, this is a trend expected to persist at least until 2027.

At the same time, it is becoming evident that growth is not coming solely from AI servers, but also from more traditional segments such as PC memory and storage, where demand is recovering faster than original forecasts suggested. Ultimately, this creates an environment with an unusually strong bargaining position for suppliers.

Extensive Investments

Micron is responding to these conditions with an ambitious investment plan involving the expansion of manufacturing capacity in the United States, valued at approximately USD 200 billion. New facilities in Idaho and New York are expected to increase production volumes while simultaneously strengthening the technological self-sufficiency of the United States in this undoubtedly competitive industry. For investors, the takeaway is that although construction will take years, the company believes in the long-term durability of the AI cycle. [1]

Investment Perspective

Finally, from an investor’s perspective, Micron does not represent merely a story of rapid share price growth, but above all a company with an exceptionally strong fundamental foundation. Memory is an indispensable link in the entire value chain, and its importance will continue to grow alongside the increasing complexity of AI models. In conclusion, it is also important to note that if expectations of continued investment by technology leaders materialize, Micron will have a strong opportunity to maintain its current pace over the long term. [2]

* Data relating to the past are not a guarantee of future returns.

[1,2] Forward-looking statements represent assumptions and current expectations that may not be accurate or may be based on the current economic environment, which may change. These statements do not guarantee future performance. By their nature, forward-looking statements involve risks and uncertainties, as they relate to future events and circumstances that cannot be predicted, and actual developments and results may differ materially from those expressed or implied in any forward-looking statements.

Disclaimer! This marketing material is not and must not be understood as investment advice. Data relating to the past are not a guarantee of future returns. Investing in foreign currencies may affect returns due to exchange rate fluctuations. All securities transactions may result in both profits and losses. Forward-looking statements represent assumptions and current expectations that may not be accurate or may be based on the current economic environment, which may change. These statements do not guarantee future performance. InvestingFox is a trading brand of CAPITAL MARKETS, o.c.p., a.s., regulated by the National Bank of Slovakia.

Sources:

https://investors.micron.com/news-releases/news-release-details/micron-celebrates-official-groundbreaking-new-york-megafab-site
https://www.cnbc.com/2026/01/16/micron-stock-climbs-as-ceo-highlights-ai-demand-for-memory.html
https://www.cnbc.com/2026/01/10/micron-ai-memory-shortage-hbm-nvidia-samsung.html
https://www.cnbc.com/2026/01/15/chip-stocks-nvidia-amd-pop-after-tsmcs-earnings-beat-lifts-confidence.html