Elon Musk calls Micron’s memory pricing ‘reasonable’ as AI shortage bites

The xAI founder praised Micron's approach on X while taking aim at unnamed rivals he called 'extortionate' Elon Musk has opinions about a lot of things. On October 13, 2026, one of them was the price of computer memory. In a post on X, Musk described Micron Technology’s pricing approach as ‘reasonable’ . He also took a swipe at unnamed competitors, labeling their practices ‘extortionate.’ Memory chips are in short supply, and AI data centers are consuming them faster than factories can produce them. Musk’s comments followed an upbeat JPMorgan report that highlighted Micron’s large contract backlog. His core argument was about relationships. Treating customers fairly during a crunch, he suggested, is how a supplier earns loyalty that outlasts the crunch. Musk isn’t a neutral observer here.

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