Micron's AI-driven boom boosts earnings despite supply constraints
TL;DR Summary
Micron forecasts nearly double the expected profit for Q2 driven by booming AI demand and tight memory chip supplies, leading to a 7% share increase; the company plans to raise 2026 capital expenditure to $20 billion and expects the memory market to remain tight beyond 2026, with AI being the primary growth driver.
- Micron forecasts blowout earnings on booming AI market, shares rise 7% Reuters
- Micron forecasts surging revenue as computer memory demand for AI remains high CNBC
- Micron crushes earnings with BTC buoyant above $87,000 CoinDesk
- Micron Gives Rosy Sales Forecast After AI Boom Spurs Demand Bloomberg.com
- Micron outlines grim outlook for DRAM supply in first earnings call since killing Crucial memory and SSD brand — CEO says it can only meet half to two-thirds of demand Tom's Hardware
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
3 min
vs 4 min read
Condensed
91%
610 → 53 words
Want the full story? Read the original article
Read on Reuters