Micron Just Broke the Mold for Artificial Intelligence (AI) and Its Stock is Soaring
The semiconductor specialist's blistering growth has reached new heights.
Overview
After years of being the wallflower, Micron Technology (NASDAQ:MU) has taken center stage. The company's flash memory and storage chips are critical to the processing of artificial intelligence (AI), which continues to drive unrelenting demand.
Ahead of Micron's financial release after the market close on Wednesday, investors were sitting on the edge of their seats to see if there was any truth to reports of an AI slowdown. The company put those rumors to rest, delivering record revenue, gross margin, and earnings per share (EPS) -- and is poised to smash those records again next quarter.
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Originally published at www.fool.com.
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