Musk Love: Micron Is “Reasonable” on Memory Prices While Others Price-Gouge: “Today’s Customers Won’t Forget”

Key TakeawaysElon Musk said on X that Micron Technology has been “reasonable” on future memory prices while others have been “extortionate,” after a JPMorgan note counted 26 long-term deals and $150 billion of contracted backlog at Micron. Micron’s largest contracts cap prices near the market level of the second quarter of 2026, giving up some upside now for revenue that, by JPMorgan’s count, covers more than a third of sales through 2030.