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Micron Predicts Memory Shortage Until 2028, Backed by Profits

By Drooid · Sep 15, 2026, 3:24 PM UTC · How we work

Summary

Story summary

Micron Technology says memory shortage will persist until 2028, supporting high profits.
Micron will add new production capacity between mid-2027 and 2028, keeping most facilities utilized.
Micron reports a 72.60% gross margin.
Analysts expect Micron’s September 30 earnings report to spark a rally toward $1,250.
Nvidia forecasts AI hyperscalers will spend nearly $800 billion this year and $1.3 trillion next year.

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Story summary

Micron Technology says memory shortage will persist until 2028, supporting high profits.
Micron will add new production capacity between mid-2027 and 2028, keeping most facilities utilized.
Micron reports a 72.60% gross margin.
Analysts expect Micron’s September 30 earnings report to spark a rally toward $1,250.
Nvidia forecasts AI hyperscalers will spend nearly $800 billion this year and $1.3 trillion next year.