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AI NewsIntel, SambaNova Unveil Agentic AI Infra Blueprint Combining GPUs, RDUs, CPUs
1:47 PM IST · April 9, 2026
The companies said this new design will be available in the second half of 2026 for enterprises, cloud providers, and sovereign AI programmes.
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Micron, the Boise, Idaho-based memory chip maker, has captured Wall Street’s heart. Whether the love affair endures will heavily depend on how long the AI-driven supply crunch for memory chips lasts. Micron promises that it has shored up its position for the long term, which would allow it to withstand a sudden drop in demand or overcapacity of supply. And Wall Street has become a believer, helping Micron briefly surpass the market valuation ofMeta and Teslafor the first time on Thursday, though it floated back down by Friday to nearly match them. Specifically Micron closed Friday’s trading with a market cap close to $1.27 trillion, while Meta was at $1.39 trillion and Tesla was at $1.42 trillion. Micron’s stock has soared over 236% in the past month alone, closing Friday at $1,132 a share. In comparison, it spent years upon years before mid-2025 at below $100 a share. It’s a dizzying rise for a company that most consumers associated with the tiny memory cards that, back in the day, were commonly needed to boost PCs, smartphones, or other device storage. Wall Street isn’t sweating over that product line. Micron is benefiting from the AI data center buildout boom that has created a shortage of system memory chips, both DRAM and NAND, which Micron makes, particularly High-Bandwidth Memory (HBM). A single AI server requires magnitudes more memory than a laptop. AI system makers like Nvidia, as well as the hyperscalers building their own systems, are buying up large quantities of memory, such as Microsoft, Amazon AWS, Google, Meta and Oracle. This is forcing all the other companies who need memory to hoard it as well, from PC makers like Dell and HP, to other kinds of device makers. This lack of supply, which has been dubbedRAMageddon, is predicted to persistinto 2027. And it’s already driving up the price of consumer electronics like Apple products and Xbox consoles. With the whole tech industry clamoring for more memory, Micron’s delivered blockbuster third-quarter earnings last week. Revenue quadrupled year-over-year to $41.45 billion, and profits skyrocketed from $1.88 billion to $28.2 billion over the same period. Micron also provided a positive outlook, forecasting fourth-quarter revenue of between $49 billion and $51 billion. And Wall Street, which has been eager to find more public AI-related companies that may do as well as Nvidia, became even more enamored. The historic problem for memory chip makers like Micron and Samsung is that building out manufacturing facilities to increase capacity is a time-consuming, expensive endeavor. And demand often falls just as companies can increase capacity, creating a glut and subsequent price drop. Micron got ahead of any AI bust chatter by emphasizing a series of long-term supply agreements, including with Nvidia and AI labAnthropic, that would presumably protect it. The company said in its earnings presentation that it has signed 16 strategic customer agreements across the data center, consumer, and auto market segments, which it expects tofundamentally transform its business model. That seemed to convince a number of analysts that this company could be another long-term, profitable investment. In a research note, William Blair tech analyst Sebastien Naji noted demand growth continues to outpace the rate that new cleanroom space can come online. “Given the strong likelihood of continued ASP growth in the coming quarters and improving revenue visibility thanks to a rapidly expanding set of long-term agreements (SCAs) with key customers, we see potential for more durable earnings growth and reiterate our Outperform rating,” Naji wrote. Whether Micron really can sustain itself for long-term without a bust cycle remains to be seen. But for a brief moment on Thursday, this U.S. company was more valuable than some of the industry’s giants.
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Rejecting traditional swipe-based algorithms, Wavelength uses conversational AI to match people based on personality and behavioural insights.
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Not everyone is buyingElon Musk’s vision for orbital data centers. Masayoshi Son, the founder and CEO of Softbank,argued at a recent shareholder meetingthat building data centers in space won’t do much to cut costs and will take too long when “in the battle for AI, the next few years will be far more important than what might happen a decade or so from now.” On the latest episode ofTechCrunch’s Equity podcast, Kirsten Korosec, Sean O’Kane, and I discussed Son’s remarks as part of a broader discussion that includedOpenAI’s plans for custom chips, chipmakerGroq’s new $650 million funding, and much more. Kirsten noted that it’s “very ironic” that Son is playing the skeptic here, given SoftBank’s “long history of wild bets.” Sean, meanwhile, said that when Musk talks about “making a constellation of satellites — satellites that need to be replaced every few years as well — to make up an ‘orbital data center,’” he’s just “guaranteeing that much more business” for SpaceX. Keep reading for a preview of our conversation, edited for length and clarity. Sean O’Kane:Listen, neo-clouds are the new oil, and everybody who wants to make money is pivoting to a neo-cloud. I’m proud to announce that TechCrunch is now a neo-cloud, give us all your money. I mean, this is the thing you do. It seems like there are so many players that are compute constrained, so anybody who has a shot at being able to lease out that compute is taking it, whether that’s Groq, a company that was semi-hollowed out by Nvidia, or Allbirds, which went into bankruptcy and and emerged from it as a new neo-cloud provider instead of selling shoes — Tim Fernholz didan interview with the new CEO of of that new effortthat I would definitely recommend people go read. Or whether you’re SpaceX, where your idea was: I’m gonna build an AI platform that’s gonna have an addressable market the size of U.S. GDP, but before we get there, we’ll just rent out our compute. And we saw this continue to happen with SpaceX, where it’s not as big as the deals that they’ve struck with Google or Anthropic, butthey just signed another deal, [their] first post IPO deal, to rent out compute to another smaller player. They’re continuing down that road. You know, I can see this being a business for Groq in the near term. The question with all of these is how durable is it in the long term. Anthony Ha:If we’re talking about SpaceX and their AI business and data center business, we also have to talk about these comments that Masayoshi Son, the CEO of SoftBank, made recently, where he basically said:What is the point of data centers in space?Which is a question we’ve asked on this show. And it speaks to, again, this sense in the industry of being really, really compute constrained — they need to build as many data centers as possible, [and] there’s all kinds of reasons why that is proving to be challenging here on Earth, so maybe space is the answer. But I think Son makes some pretty fair points about: All this stuff we’re talking about, even if it all works — and the costs are going to be very, very serious to make it work — this is not happening for years and years and years, so this is not a solution to any immediate problem, as far the current need for data centers goes. Kirsten Korosec:I just want to point out that SoftBank has a long history of making wild bets. I think it says something when Son comes up and asks the question that a lot of people have asked. I mean, there are a lot of VCs and founders [who] have been swept up into the idea of orbital data centers and it seems like suddenly everyone’s on board. When just a couple of years ago, I think, if someone had mentioned that, it would get slapped down a little bit. So I do think it’s an important part of the process that someone who has a pretty high profile is asking that question. But it is very ironic to me thatheis the one asking it, because if you look athis pitch deck, they’ve thrown a lot of money at some pretty bold ideas. Sean:WeWork! Listen, we’re going to be saying this for a lot over the next couple years. The idea of putting these things in space is going to be an interesting engineering challenge and certainly an interesting economic challenge. Anthony, what you said is definitely right to a certain extent. Elon Musk is a person who hates red tape and you know, there are no NIMBYs in space so of course he’s going to try and do that. To me, it comes down to: The business as it stands now for SpaceX, especially its launch business, is just overwhelmingly reliant on Starlink. The reason that they are 80 or 90% of the launch market globally is not just because they’ve done all these things that are better than pretty much every other launch provider around the globe, it’s also because they have Starlink that is driving up that number. If you remove Starlink from the equation, they would be closer to — I don’t know, maybe 20% or 30% of the launch market, or 40%, but it certainly wouldn’t be 90%. And when you talk about making a constellation of satellites — satellites that need to be replaced every few years as well — to make up an “orbital data center,” quote unquote, you’re just guaranteeing that much more business for your launch business. And I just can’t stop myself from coming back to that point. Kirsten:I want to really quickly say that [SpaceX’s] other big business is renting out their compute, by the way. So back to the chip conversation. We’ve come full circle. Anthony:One of the other themes that may run through this episode is this idea oftalking your own book. This is not a new phenomenon. Executives at tech companies, or any other company, what they’re predicting for the future is ultimately the future that is going to be advantageous to their business. But I think it’s something that’s just always worth remembering when we’re having these conversations about big AI companies, because it is this moment of incredible uncertainty, and we’re all wondering: What does the job market look like in the future? What effect is this going to have on the environment? What are the skills I need to learn? All these AI CEOs or AI investors, they all have thoughts on that. And it’s not that they’re wrong or that they are being deliberately misleading, but in each case, there’s an asterisk to these predictions. In Musk’s case, he’s talking about something that would be very good for SpaceX’s business. In SoftBank’s case, they arevery, very heavily invested in data center projectshere on Earth. Sam Altman is the other notable figure who’srolled his eyes a bitat the orbital data center idea — and again, he and Elon Musk obviously havea long and complicated history together. All of which is to say that there’s just no objective, impartial observers here. It’s all these people with baggage and tremendous amounts of money at stake.
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Paul Meade, the Apple vice president in charge of the Vision Pro headset, is leaving the company to join OpenAI’s hardware team,according to Bloomberg’s Mark Gurman. Meade also reportedly led the development of the AI-powered smart glasses thatApple plans to launch next year. The costly Vision Pro was not a hit, but Apple is hoping that more affordable smart glasses willhelp it compete with wearable devices from Meta. Gurman frames this departure as a byproduct ofJohn Ternus’ imminent elevation to Apple CEO, and of Ternus’ decision to shake up the hardware engineering team, which left some of the company’s vice presidents feeling like they’d been demoted. OpenAI, meanwhile, is already working with Apple’s former chief design officer Jony Ive on an AI device that CEO Sam Altman has claimed will bemore peaceful and calm than an iPhone, though reports last fall suggested the company wasstruggling to get the details right. TechCrunch has reached out to Apple and OpenAI for comment.
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