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Micron Stock Surges on Record AI Memory Demand and Strong Earnings
Micron’s stock rallied after strong earnings and forecasts driven by AI memory demand, with tight supply expected to persist beyond 2026.
Micron Technology’s shares jumped sharply after reporting standout earnings driven by booming demand for high‑bandwidth memory used in AI data centers. Record revenue of about $13.6 billion and a strong profit forecast lifted investor sentiment. CEO Sanjay Mehrotra said memory markets may remain tight beyond 2026, reflecting robust AI‑related demand that outpaces supply.