Revenue quadrupled to $41.45 billion compared with the same period a year ago. The company's profit, meanwhile, rose from $1.88 billion to an incredible $28.2 billion year-over-year.
In Brief
Posted:
2:30 PM PDT · June 24, 2026
Image Credits:Jeremy Erickson/Bloomberg / Getty Images
The AI boom has fueled dozens of new startups and minted a new class of billionaires. It has also produced a serious shortage of memory chips — a critical component for compute-hungry AI models — which some predict could persist through 2027.
The AI boom has turned memory chip manufacturers like Micron and SK Hynix from cyclical businesses into a sizzling hot growth…
The cost of one type of DRAM soared 75% from December to January, accelerating price hikes throughout the holiday quarter.
AI's insatiable appetite for memory chips is crowding out all other buyers — and the consequences will ripple through every…
Chinese chip companies have benefited from strong domestic demand for AI as U.S. tech curbs have bolstered local firms.
The US chipmaker is the latest winner from artificial intelligence, briefly topping the coveted market value mark as investors…
Memory chip prices have doubled since October 2025 as AI data centers consume 70% of production, forcing Apple to raise MacBook…
