According to Musk’s comments during SpaceX calls in 2026, global memory supply is growing at roughly 20% per year. AdvertisementDuring a July 2026 earnings call, Musk noted that Tesla had managed to secure what he called a “very significant allocation” of memory chips from Micron at reasonable rates. Winners in a supply-constrained worldMicron, SanDisk, and South Korea’s SK Hynix have all experienced significant stock volatility as investors try to price in the AI memory boom. What this means for the broader AI ecosystemWhen supply is this tight, pricing power shifts decisively to producers. The companies controlling memory output, primarily Micron, SK Hynix, and Samsung, wield outsized influence over the pace of AI progress.