Microsoft unveiled its third-generation Maia 300 AI chip on Oct. 12, while Chamath Palihapitiya said on the All-In podcast that even Google is short on memory because Nvidia has locked up most packaging and HBM capacity. Memory makers say their capacity is largely sold out for 2027 and probably much of 2028, and Micron has agreements covering most of its calendar 2027 HBM supply at significantly higher prices. Micron’s capex nearly doubled to $30.7 billion in the year ended Sept. 3, 2026, but most of the increase goes to clean-room space arriving in late 2028 and beyond. The article argues Nvidia, whose gross margin was 71.1% in the year ended January 2026, keeps supply control through roughly 2028, though that window could close sooner if rivals add capacity faster than planned.
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NVDAsemiconductorsartificial intelligenceMicron
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Related tickers and likely impact
NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/16/2026 | 214.14 |
| Change that session | -1.42% |
GOOGL
• NeutralAlphabet Inc. (Class A)
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.3T |
| Close on 10/16/2026 | 340.59 |
| Change that session | -2.47% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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