Micron's market cap hit $1.27 trillion as AI memory demand drove revenue up 4x to $41.45 billion. It has signed 16 long-term supply deals to avoid a bust cycle.

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 Technology's stock surged eightfold in a year on AI memory chip demand, but rising short interest of 37.3 million shares signals growing skepticism.