Micron Technology Beats Analysts’ Expectations with Record AI-Fueled Profit
US-based chipmaker Micron Technology has exceeded analyst expectations by delivering record-breaking profit fueled by artificial intelligence (AI) and data center demand. The company’s revenue rose 57% year-over-year, reaching $13.6 billion. Micron CEO Sanjay Mehrotra expressed optimism about the industry supply shortage, stating it will remain short of demand in the future. This is a positive … Read more