- Micron (MU) is the only U.S. company that makes HBM chips - the short-term memory layer that AI systems need to run.
- By early 2026, data centers were using about 70% of all memory chips made in the world, creating an 18-month backlog for new orders.
- Micron's DRAM - or short-term memory chip - revenue jumped 69% year over year, and the company shifted away from consumer products to focus almost entirely on AI.







