"AI Boom Propels Micron to Record High Earnings, Boosts Chip Stocks"

Micron reported better-than-expected second quarter earnings, with revenue at $5.82 billion and adjusted EPS at $0.42, surpassing analyst estimates. TD Cowen Managing Director Krish Sankar praised the company for exceeding all expectations and highlighted the surging demand for high bandwidth memory, positively impacting Micron's outlook. Sankar remains optimistic about pricing and sees Micron as a major beneficiary of the boost in AI spending.