Micron CEO: AI Completely Rewrites Memory Chip Cycle Logic, Customer Demand Exceeds Company Supply by About 50%

Mehrotra said AI has transformed memory chips from a highly cyclical commodity market into a strategic component indispensable to AI infrastructure. Data center customers' current purchasing intent is about 150% of Micron's actual committable supply, meaning demand exceeds supply by roughly 50%, and the company's capacity still cannot meet market demand. The memory procurement model has also shifted from "price comparison bidding" to collaborative design with customers.