Micron Technology strengthens profitability amid AI demand and supply shortages
MU Micron Technology Inc
$953.19 -3.62%
View chart & analysis → - 1Micron Technology recorded more than a 3-fold increase in revenue and a 10-fold increase in earnings per share (EPS) compared to the previous year last quarter.
- 2The Micron board of directors recently approved a $35.16 billion share repurchase program.
- 3SpaceX CEO Elon Musk said that memory, not computation, is the speed limiter of the agentic era.
So what's the key point?
Micron Technology's revenue and profits have grown significantly compared to last year. The company is increasing profitability by deciding to buy back its own shares.
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