Micron Technology's $41.5 billion quarterly revenue and $1.3 trillion market cap raise questions about AI memory demand sustainability and downstream cost

Micron posted $41bn in Q3 revenue, quadrupling year-over-year, as HBM4 chips for Nvidia and Google drove gross margins past 81 percent for the first time.

Micron's quarterly earnings report follows a 700% surge in the memory maker's stock price over the past year.