Forget the Artificial Intelligence (AI) Capex Bubble: SpaceX CEO Elon Musk Says the Memory Shortage Will Drive Costs Even Higher

Elon Musk stated during SpaceX's earnings call that memory chip demand is growing at 200% annually while supply only increases 20% yearly, creating a significant shortage. This supply-demand imbalance positions memory chip manufacturers like Micron Technology to benefit from rising prices and improved profit margins as AI hyperscalers continue their infrastructure build-outs.