Micron quadrupled its revenue to more than $41bn this quarter, around $6bn more than analyst expectations.
A surge in business from AI companies and high projected earnings have sent chipmakers Micron and Qualcomm’s shares soaring.
Leading chipmakers have become some of the main benefactors of the AI race as competing tech giants spend billions to build and tap into AI data centres.
Micron witnessed a stellar quarter, quadrupling its revenue to more than $41bn – up from $9.3bn a year earlier, and around $6bn more than analysts’ set expectation of roughly $35bn.
The company expects revenue of around $50bn for the current quarter, up from $11.3bn the year before. Analysts expected this to range around $43bn.
