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On August 20, 2026, Micron Technology, Inc. (NASDAQ:MU) CEO Sanjay Mehrotra said artificial intelligence has fundamentally altered the memory industry’s historically volatile boom-and-bust cycle, telling CNBC’s “Mad Money” that “today there is no AI without memory.”

U.S. stocks ended higher on Thursday, led by a tech rally after semiconductor giant NVIDIA issued a robust revenue forecast, reassuring investors about the potential of artificial intelligence (AI). All three major indexes ended in positive territory.