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Micron stock gains momentum after strong earnings performance
Micron posted $41.46B in Q3 revenue, beating estimates by over $5B. The AI memory boom is driving a 15% stock rally with ripple effects across crypto
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thenextweb.com
Micron briefly surpassed Meta and Tesla in market value. Its stock is up 236% in a month.
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.
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cryptobriefing.com
Micron becomes one of the most profitable companies in the US
Micron posted $28.24 billion in Q3 net income with 84.9% gross margins, driven by AI memory demand, becoming one of the most profitable US companies.
