The BuildJune 24, 2026via CNBC Technology
Micron is tech's new margin king as memory crisis pushes company past Nvidia and Meta
Why it matters
Memory scarcity is becoming the new GPU bottleneck. As AI workloads scale, DRAM and NAND demand is outpacing supply, reshaping margins and competitive advantage in the chip supply chain. Micron's surge signals a structural shift in what's constraining AI deployment.
Key signals
- Micron gross margin: 84.9% (up from 39% YoY)
- Memory crisis driving pricing power
- Micron outpacing Nvidia and Meta on margin metrics
- Published Jun 24 2026 — indicates forward-looking data
- Earnings-driven disclosure (not speculative)
The hook
84.9%. Micron's gross margin just jumped from 39% — and it tells you everything about the AI infrastructure crunch.
Micron said in its earnings report that its gross margin jumped to 84.9% from 39% a year ago.