Micron’s revenue quadrupled as AI memory demand pushes gross margins above 81 percent
By Ana Maria Constantin Micron Technology posted fiscal third-quarter revenue of nearly $42bn, quadrupling from just over $9bn a year earlier and beating Wall Street estimates by a wide margin. The results, reported on Tuesday, confirm that the company riding the AI memory boom hardest is the one whose stock has already climbed roughly 700 percent over the past […] This story continues at The Next Web
Source:: The Next Web
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