> On the infrastructure side: OpenAI signed non-binding letters of intent with Samsung and SK Hynix for up to 900,000 DRAM wafers per month, roughly 40% of global output. These were of course non-binding. Micron, reading the demand signal, shut down its 29-year-old Crucial consumer memory brand to redirect all capacity toward AI customers. Then Stargate Texas was cancelled, OpenAI and Oracle couldn’t agree terms, and the demand that had justified Micron’s entire strategic pivot simply vanished. Micron’s stock crashed.
[0] https://adlrocha.substack.com/p/adlrocha-how-the-ai-loser-ma...