Tech giant Micron Technology has made a stunning turnaround, transforming from a loss-making company three years ago to one of the most profitable in the US. The dramatic change is largely due to the increasing importance of memory chips in artificial intelligence. With limited supply and high demand, companies like Micron are now commanding sky-high prices for their AI memory components. This surge has boosted Micron’s finances, positioning it as a leader in the lucrative AI industry.
Source: https://www.marketwatch.com/story/micron-is-about-to-be-more-profitable-than-any-u-s-company-except-nvidia-and-google-3a83e343