Micron (NASDAQ: MU) just faced the latest litmus test in the AI boom and passed with flying colors, with revenue jumping 346% and earnings per share growing by more than tenfold.
The third-quarter report makes clear that the memory shortage is only getting more severe as Micron's gross margin jumped to 85%, and it reported an operating margin of 80%, meaning it kept 80% of its revenue as before-tax profit.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
For the rest of the tech industry, the implications of the memory shortage, which Micron said would continue through at least 2028, are mixed.
Apple stock fell 5% on Thursday after the company announced price hikes on some laptops and tablets to absorb higher costs for memory and storage, and the hyperscalers that make up Micron's data center customer base are also facing higher prices.
The third-quarter report makes clear that the memory shortage is only getting more severe as Micron's gross margin jumped to 85%, and it reported an operating margin of 80%, meaning it kept 80% of its revenue as before-tax profit.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
For the rest of the tech industry, the implications of the memory shortage, which Micron said would continue through at least 2028, are mixed.
Apple stock fell 5% on Thursday after the company announced price hikes on some laptops and tablets to absorb higher costs for memory and storage, and the hyperscalers that make up Micron's data center customer base are also facing higher prices.
4 months ago
