Micron Technology Revenue and Profit Surge on AI Demand
MU Micron Technology Inc
$733.15 +6.25%
View chart & analysis → - 1Micron recorded $54.2 billion in revenue for the quarter, achieving a revenue growth rate of 380%.
- 2Micron's non-GAAP profit growth rate for the quarter was approximately 1,000%, with earnings per share at $33.42.
- 3Micron management stated that demand continues to exceed supply.
So what's the key point?
Micron Technology's revenue increased by 380%. Profits grew significantly because AI demand is higher than the supply.
Source The Motley Fool +1 · View original ↗
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