Squawk on the Street Stocks Extend Losses as Oil Spikes, Micron CEO on Blowout Results That Didn't Help the Stock 3/19/26
Mar 19, 2026
Sanjay Mehrotra, CEO of Micron Technology and memory-chip veteran, discusses Micron's blowout quarterly results and upbeat AI-driven demand. He talks about tight memory supply, why capacity ramps will lag until 2028, and prioritizing HBM, DRAM and NAND. They also cover long lead times for equipment and Micron's U.S. manufacturing investments.
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Oil Spike Threatens Fed's Inflation Path
- Oil spike to near $120 a barrel can push inflation higher and complicate Fed policy in the near term.
- Carl and Jim tie the Brent surge to Middle East attacks on energy infrastructure and warn this could be short term but materially inflationary.
Hold Memory Stocks Through Short-Term Pullbacks
- Don't abandon the memory group after short-term profit-taking; supply constraints and AI-driven demand argue for staying invested.
- Jim tells listeners to hold the group because HBM demand is 'insane' and capacity isn't coming online quickly.
Why Micron Rally Faces Profit Taking
- Micron's revenue and margins exploded but some investors see the run-up as unsustainable, prompting profit-taking despite strong fundamentals.
- Jim argues the current cycle differs because capacity constraints limit new supply, supporting a longer runway for memory prices.