Perplexity CEO says Micron could surpass Meta’s market value within 6–12 months

Perplexity CEO Aravind Srinivas said Micron could be worth more than Meta in the next 6 to 12 months as AI-driven demand tightens supply for high-performance memory and other critical hardware. He argued that physical constraints in hardware supply chains are shifting economic leverage away from software platforms and toward infrastructure providers. Micron’s shares are up 751.77% over the year, despite a recent one-day pullback, underscoring what he described as a strong longer-term trend.