Micron Surprises with AI Boost: Revenue, Outlook, and Optimism Rise Strongly

Micron Technology surprised both investors and analysts with its results for the third quarter. Revenue soared by a staggering 36.6% year-over-year to $9.3 billion, while the adjusted earnings came in at $1.91 per share, significantly above the expected $1.61. Particularly impressive was the growth in the DRAM segment, which surged nearly 50% sequentially, driven by strong demand for High Bandwidth Memory (HBM). CEO Sanjay Mehrotra referred to it as a "record quarter" and sees the company on track to achieve new highs in revenue and cash flow for...