Micron's CEO Says This Is When There Could Be More Supply of Memory Products in the Market

Yahoo Finance ·

The big question and risk around Micron Technology ( MU +0.90% ) stock is when the memory shortage might end. If it's soon, and more supply will become available in the near future, that might restrict the company's ability to further limit prices, and thus, lead to slowing growth. But if it's destined to last for a long time, then that would obviously be welcome news to investors. The tech company 's CEO recently explained when he expects more supply to become available. And while it may not be all that far away, the shortages may still persist for the foreseeable future. On a recent call with analysts, Micron CEO Sanjay Mehrotra outlined the current situation in the memory and storage market. And while Mehrotra believes more supply will be coming, it's unlikely to be enough to end the shortages anytime soon. "Our customers are recognizing that supply shortages in memory and storage will take considerable time to improve, even as we expect industry supply to improve gradually in 2028." One key customer that's announced it will have to raise prices is Apple , which made it clear it was doing so due to an untenable situation driven by higher costs. That's also a sign that the shortages aren't ending anytime soon; if Apple thought that were a possibility, it might be compelled to simply wait it out, but that isn't the case. And although there may be some additional supply coming in 2028, the demand remains robust, which is why the shortages may persist well beyond then.

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