Source item
Open original source ↗CFO of $MU says they will be supply constrained in FY28, and he doesn't have line of sight to when they will be in equilibrium.
My take: This is a significant positive for the AI trade, and evidence that the demand could outpace supply into late CY28 or even CY29. Hard to believe.
Stock now up 12% in after hours based on that supply comment, and likely going higher.