{"id":570801,"date":"2026-07-06T01:09:11","date_gmt":"2026-07-06T01:09:11","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/570801\/"},"modified":"2026-07-06T01:09:11","modified_gmt":"2026-07-06T01:09:11","slug":"micron-technology-inc-mu-sued-over-skyrocketing-dram-prices-amid-ai-boom","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/570801\/","title":{"rendered":"Micron Technology Inc. (MU) Sued Over Skyrocketing DRAM Prices amid AI Boom"},"content":{"rendered":"\n

Micron Technology Inc. (NASDAQ:MU<\/strong><\/a>) is one of the top AI Stocks to buy according to billionaire Philippe Laffont<\/strong><\/a>. On June 29, Micron Technology Inc. (NASDAQ:MU) was hit with a class action lawsuit over claims that it is restricting DRAM supply to inflate prices. <\/p>\n

\"Micron<\/a> Micron Technology Inc. (MU) Sued Over Skyrocketing DRAM Prices amid AI Boom <\/p>\n

The private class-action lawsuit in the US also names Samsung and SK Hynix for allegedly contributing to memory prices reaching historical highs amid ongoing shortages, as demand continues to outpace supply. In the lawsuit, the fillers are demanding compensation from the three companies for allegedly gouging prices by creating artificial shortages of memory. <\/p>\n

There is a global RAM shortage driven by AI data center demand that’s forcing the likes of Micron to raise prices. Apple has already had to raise device prices by as much as $200 due to the shortages. Micron has also had to lock 16 companies into five-year contracts, as building new fabs takes 5+ years and costs upward of $10 billion. <\/p>\n

Micron Technology Inc. (NASDAQ:MU) manufactures the foundational memory and data storage hardware required to power artificial intelligence. Because AI models ingest and process colossal amounts of information, high-performance computing heavily relies on Micron’s specialized chips to prevent processing bottlenecks. <\/p>\n

While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the\u00a0<\/a>best short-term AI stock<\/strong><\/a>. <\/p>\n

READ NEXT:\u00a0<\/strong>9 Best Energy Dividend Stocks to Invest In Now<\/strong><\/a>\u00a0and\u00a0<\/strong>10 Best Dividend Aristocrat Stocks To Buy Now<\/strong><\/a>.<\/strong> <\/p>\n

Disclosure: None. Follow Insider Monkey on Google News<\/strong><\/a>.<\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":"Micron Technology Inc. (NASDAQ:MU) is one of the top AI Stocks to buy according to billionaire Philippe Laffont.…\n","protected":false},"author":2,"featured_media":570802,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[261],"tags":[291,289,290,22634,18,19,17,128819,21958,18157,82],"class_list":["post-570801","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-class-action-lawsuit","tag-eire","tag-ie","tag-ireland","tag-memory-prices","tag-micron-technology-inc","tag-philippe-laffont","tag-technology"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/116870366165027480","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/570801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=570801"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/570801\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/570802"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=570801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=570801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=570801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}