Micron Technology: The Memory Demand Explodes in the Era of AI
A tripling of revenue is again expected in Q3
The record gross margin is expected to rise from 74.4% to 81%
Reading Time: 2 minutes
At Micron Technology (MU), I view any pullback as a new buying opportunity. With new chip generations and increasingly intelligent devices, the company considers itself one of the "largest beneficiaries and pioneers of AI”. CFO Mark Murphy makes it clear that AI is driving a multi-year investment cycle, of which the majority is yet to come. The commencement of HBM4 mass production for Vera Rubin by NVIDIA has eliminated a major uncertainty factor from recent months. Four years of sustained market share gains in the SSD data center market and...
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