Micron Technology Inc.
(NASDAQ:MU) CEO Sanjay Mehrotra said memory supply shows no sign of catching up with artificial intelligence-driven demand, citing long-term customer agreements locking in years of committed supply as evidence that the current boom is structural, not cyclical.
'We See No End' "We see no end when supply catches up with demand, and the demand continues to grow," Mehrotra told CNBC's Jim Cramer on Friday.
He said Micron's five-year customer agreements, which can be extended, give the company "assurance of demand," even as "nothing ever goes in a straight line." "Today there is no AI without memory," Mehrotra said, adding that AI systems increasingly require higher-performance, lower-power memory that will eventually extend demand beyond data centers into autonomous vehicles, robotics and AI-enabled consumer devices.
Read Also: Nvidia Is Coming for OpenAI and DeepSeek With $6 Billion Poolside Deal to Build a Powerful Open-Weight AI Model: Report A Structural Shift Daniel Newman, CEO of The Futurum Group, said on X that Mehrotra "finally said the quiet part out loud," adding the AI-driven demand cycle "may never end" as data center buildouts give way to robotics, autonomy and physical AI. $MU CEO finally said the quiet part out loud.
