Micron's stock has soared this year while its tech peers have struggled, as the impact of rising memory costs ripples across the industry.
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Micron
said revenue almost tripled in the latest quarter as results topped analysts’ estimates. The stock slipped in extended trading.
Here’s how the company did relative to LSEG consensus:
Micron is benefiting from soaring demand for Nvidia
As generative AI models get more sophisticated, companies need more memory and faster memory, Micron CEO Sanjay Mehrotra said in…
Micron's revenue almost tripled in the last quarter, but the memory company's stock has sunk about 15% since reporting earnings…
Micron said it expects the total addressable market for high-bandwidth memory to hit $100 billion by 2028.
"We need more and more memory to address that demand," Micron CEO Sanjay Mehrotra told CNBC's Jim Cramer.
Micron has emerged as one of the most valuable U.S. tech companies thanks to insatiable demand for memory that's needed in AI…
Micron Technology shares caught fire this week amid a global shortage of memory chips. The stock is heading for its best week…
