Micron Crushes Expectations as AI Memory Demand Soars!
Micron Technology has absolutely crushed Wall Street estimates and raised its guidance, thanks to the explosion in AI infrastructure demand. Their latest fiscal fourth quarter saw adjusted earnings hit $33.42 a share, easily beating the consensus estimate.
Revenue nearly quadrupled year-over-year to $54.23 billion. Looking ahead, Micron expects revenue to reach approximately $61.5 billion in the current quarter. The massive DRAM revenue jump of 343% is a clear sign of the worldwide AI memory crunch. With the stock up more than 500% over the past year, the company's market cap has officially topped $1.2 trillion!
$MU
Micron Technology has absolutely crushed Wall Street estimates and raised its guidance, thanks to the explosion in AI infrastructure demand. Their latest fiscal fourth quarter saw adjusted earnings hit $33.42 a share, easily beating the consensus estimate.
Revenue nearly quadrupled year-over-year to $54.23 billion. Looking ahead, Micron expects revenue to reach approximately $61.5 billion in the current quarter. The massive DRAM revenue jump of 343% is a clear sign of the worldwide AI memory crunch. With the stock up more than 500% over the past year, the company's market cap has officially topped $1.2 trillion!
$MU