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Micron rides memory price spike into earnings with stock up 62%, drubbing its tech peers

NVDA
Corporate EarningsCompany FundamentalsArtificial IntelligenceTechnology & InnovationTrade Policy & Supply ChainAnalyst Estimates

Micron is expected to report 148% revenue growth for the February quarter, driven by a 32% quarter-over-quarter surge in average selling prices. A shortage caused by heavy demand for Nvidia's AI chips has elevated memory prices and sent Micron's stock sharply higher.

Analysis

Micron is expected to report 148% revenue growth for the February quarter, driven by a 32% quarter-over-quarter surge in average selling prices. A shortage caused by heavy demand for Nvidia's AI chips has elevated memory prices and sent Micron's stock sharply higher.

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