Micron Technology (MU) reported one of the best Q2 results in its history, with revenue reaching $23.86 billion and adjusted earnings per share reaching $12.20, beating expectations. However, CEO Sanjay Mehrotra warned that the company could only provide a portion of what its most important customers need in the near future. This suggests a severe AI memory shortage, which is affecting the AI chip ecosystem. Despite Micron's strong Q2 performance, investors are now looking beyond the quarter to see what is going to happen next. The company plans to spend more than $25 billion on capital projects in fiscal 2026.