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Micron shares fall 32% despite strong AI memory demand
A Bloomberg forecast projects about 118 gigawatts of U.S. data center capacity by 2030 to support AI, but the economics of that buildout are drawing skepticism.
Micron Technology has been hit with a sharp pullback even as it remains a leading supplier of high-bandwidth memory used in data centers. Yahoo Finance reports the stock dropped 32% from its June record high, despite ongoing demand that has helped Micron dictate prices for its AI-related memory products.
The selloff is being linked to concerns about whether the AI infrastructure spending boom is financially sustainable, as hardware and component costs rise. The outlet notes that soaring chip expenses could make it harder for companies to justify deployments of AI software at the current economics.
Yahoo Finance points to a Bloomberg forecast that about 118 gigawatts of data center capacity will be installed across the U.S. by 2030. It also cites Nvidia CEO Jensen Huang saying a single gigawatt of capacity requires $50 billion in capital investment, implying roughly $5.9 trillion could be spent by 2030.
Against that backdrop, Yahoo Finance says the market is watching whether AI providers can earn returns from the buildout without passing costs on to customers. It adds that Microsoft and Anthropic implemented price increases for some AI software products, and describes Uber Technologies as having burned through its 2026 AI budget in four months using Anthropic's Claude Code, according to the article.