Elon Musk described Micron Technology’s pricing as “reasonable” on X while targeting unnamed competitors he called “extortionate.” The xAI founder, whose Colossus and Colossus 2 facilities run on NVIDIA GPUs that depend on Micron memory, is not a neutral observer in this matter. Micron has secured 26 long-term supply agreements covering more than 35% of its revenue through 2030, with remaining performance obligations of approximately $150 billion and $32 billion in cash commitments. More than 75% of Micron’s fiscal 2027 output is already sold out. Despite Musk’s public endorsement and a supportive JPMorgan note, Micron shares fell nearly 4%, with the decline attributed to broader market concerns about supply chains tied to China.
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